1. India Entry Consulting for Swedish Companies
Risk Management Services
Riskpro India Ventures (P) Limited
New Delhi, Mumbai, Bangalore
1
2. Who is Riskpro… Why us?
ABOUT US MISSION
Riskpro is an organisation of member firms
around India devoted to client service Provide integrated risk management
excellence. Member firms offer wide range consulting services to mid-large sized
of services in the field of risk management. corporate /financial institutions in India
Currently it has offices in three major cities Be the preferred service provider for
Mumbai, Delhi and Bangalore and alliances complete Governance, Risk and Compliance
in other cities. (GRC) solutions.
Managed by experienced professionals with
experiences spanning various industries.
VALUE PROPOSITION DIFFERENTIATORS
You get quality advisory, normally delivered
by large consulting firms, at fee levels Risk Management is our main focus
charged by independent & small firms
Over 200 years of cumulative experience
High quality deliverables
Hybrid Delivery model
Multi-skilled & multi-disciplined organisation.
Ability to take on large and complex projects
Timely completion of any task due to delivery capabilities
Affordable alternative to large firms We Hold hands, not shake hands.
2
3. Riskpro’s Network Presence
New Delhi
Agra
Jaipur
Ahmedabad
Kolkata
Mumbai
Pune
Hyderabad
Bangalore
Chennai
Salem
3
4. Foreign Entrants- Focus Elements
Responding to lure of opening, Making the opening move
expanding market - Foreign companies must weigh pros and
- Intensifying foreign activity cons of entry approaches
- New entrants must size up
Irresistible opportunity
Entry
Strategy
Moving Ahead with Caution Playing to Win
- Understanding that uncertainty - Positioning your institution for
and Change abound success
- Learning from other industries - Defining a clear strategy
- Drawing insights from winners - Taking the next critical step
4
5. Destination India – The Future for Growth in Next Decade
Indian banks are in a
strong position to support
stable economic growth
India has developed a
strong institutional and
regulatory environment
Road construction is a
USD 90 billion opportunity
in next coming years
Indian Auto component
sector is expected to be
USD 40 billion by 2015
Retail sector is expected
to grow to USD 289 billion
by 2013
India is a nation of young
consumers with high
aspirational levels and
greater spending power.
5
6. The India Opportunity Story
Entry Channels Opportunities
Industry
Avenues
• Offshoring / Outsourcing • IT /BPO/Telecom
• Procurement / Supply Chain • Infrastructure/Construction
• Joint Venture into India • Textiles
• Introduction of products in • Auto Ancillaries
Indian Markets • Pharma/Bio-tech
• Acquisition of shares of local • Retail
companies • Food and Agri-business
• Private Equity investment in • Media/ Energy
local companies • Banking/ Financial Services
6
7. India Entry Consulting : Methodology and Approach
India Entry Strategy and Organization Design
Entry options and Financing and Strategy
Tax Implications
Organization Design Investment Options Implementation
Risk Mitigation in India
Statutory
Due Diligence Legal Aspects Risk Management
Compliance
Operational growth after setup
Reputation Risk Business expansion
Monitoring Investment
Management strategies
7
8. Our Business - Risk Consulting Services
Business Risks Strategic Roadmap
Corporate Structure
Feasibility Study Elements
Economic and Environment
Sectoral FDI Laws
Financial Laws Protection Acts
Indian Corporate and
Corporate Taxation Employment Laws
Commercial Laws
Regulatory
Payroll Tax Indirect Tax
Compliances
8
9. Feasibility Study – Risk Consulting
Phase / Risk Factor Riskpro Offerings
Political and security risk analysis Anticipate, plan for and gain competitive advantage from
the variety of local political environment, regulatory
requirements for organisations and security related risks
across different regional Jurisdictions
Due diligence Understand the business environment dynamics and
ensure an elaborate due diligence supports new business
initiatives
Threat , Risk assessment & Project Feasibility Identify and prioritize the most relevant threats and key
political, security and social issues to the project before
initiation of new projects and ventures.
Business Risks The competition landscape, business feasibility review and
business assessment plans.
Regulatory environment Scan of the regulatory environment with cross functional
compliance requirements and linkages to global regulatory
best practices
9
10. Roadmap for Entry to India
Strategy Buildup
• Market Study/ Industry Assessment
• Competition Analysis
• Business Assessment
• Location preferences
Strategy Design
• Legal & Regulatory Setup
• Investment Structuring / Form of enterprise
Due Diligence
• Mix of local and global staff
• Employment Issues
Strategy Implementation
• Selection of appropriate organisational structure
• Statutory and Legal Requirements
• Risk Assessment / Risk Management
• Tax Considerations
• Legal Coordination
10
11. India Entry Strategy - Corporate Structure
Setting Up Business in India
YES
Corporate Structure
YES Desired ?
NO
Market Study Commercial Specific
Is intellectual property activities on project
right/control prime concern behalf of HO
NO YES
Consider JV Consider wholly owned Liaison Office Branch Office Project Office
subsidiary
FDI subject to
NO
sectoral limits Apply- RBI, ROC
YES
Apply to FIPB
11
13. Set up business in India
ƒAs a wholly owned subsidiary or joint venture registered under
Indian Companies Act, 1956 (most preferred), or
ƒAs a Liaison Office / Representative Office or a Branch
Office of the foreign company for undertaking activities
permitted under the Foreign Exchange Management
(Establishment in India of Branch Office or Other Place of
Business) Regulations, 2000.
13
14. Procedure for Receiving Foreign Direct Investment (FDI)
ƒEither Automatic Route:
Automatic approval by Reserve Bank of India can be granted
within 2 weeks to all proposals and permits foreign equity
upto 24%, 50%, 51%, 74% and 100% depending on the
category of industries and sectoral caps applicable.
ƒOr Government Route:
Foreign Investment Promotion Board may approve all
other cases within 4 to 6 weeks.
14
15. Forms of Foreign Direct Investments
ƒFinancial collaborations
Joint ventures & technical collaborations
Capital markets via Euro issue
Private placements or preferential allotments
15
16. Corporate Taxes
Domestic companies registered in India have an effective tax rate of 36.75%
Foreign companies are subject to a maximum tax of 40% on its net profits.
Therefore, from a corporate tax point of view setting up business as an Indian
registered entity is economic and beneficial.
16
17. Government of India Initiatives
S
ƒ etting up Foreign Investment Implementation Authority
(FIIA) to facilitate quick translation of FDI approvals into
implementation by providing pro-active one-stop after care
service to foreign investors
Fast Track Committees (FTCs)
F
ƒ DI in Retail sector allowed on Dec 7, 2012 upto 51% in the
multi-brand retail sector and upto 100% in single brand retail
sector
F
ƒ oreign Venture Capital Investors (FVCI) registered with
Securities Exchange Board of India (SEBI) permitted to
invest in securities traded at well known stock exchanges.
Also, Qualified Foreign Investors (QFIs) allowed to invest in
equity shares and DPs of listed companies.
17
18. Major Countries Sending FDI to India
ƒMauritius
United Kingdom
United States of America
Sweden
18
19. Ways in which Indian companies can raise funds from abroad
F
ƒ oreign Direct Investment in India (FDI)
External Commercial Borrowings (ECB)
Foreign Currency Convertible Bonds (FCCB)
Foreign Currency Exchangeable Bonds (FCEB)
19
20. Indian entities in which FDI is allowed
A
ƒ n Indian Company
Partnership Firm
Proprietary Concern
Indian Venture Capital Undertaking (ICVF)
Ventures Capital Fund (VCF)
Limited Liability Partnership (LLP)
20
21. Types of Investments through which Foreign Investments can
be made into India
Equity Shares
Fully, Compulsory and Mandatorily Convertible Preference
Shares
Fully, Compulsory and Mandatorily Convertible Debentures
Issue of Foreign Currency Convertible Bonds (FCCB)
Depository Receipts (DRs) (American Depository Receipts
ADRs and Global Depository Receipts GDRs)
Foreign Currency Exchangeable Bonds (FCEBs)
21
22. Reporting of FDI
R
ƒ eporting of inflow to RBI Regional Office not later than 30
days from date of receipt of Advance Reporting Form for
issuing shares/convertible preference shares / convertible
debentures
Time frame for share issue is within 180 days from date of
receipt of inward remittance through normal banking channel
Report issue of share in Form FC-GPR not later than 30 days
from date of issue of capital to RBI Regional Office through
Authorized Dealer
22
23. Advantages of FDI
Integration into global economy
ƒ
Economic growth
Trade
Technology diffusion & knowledge transfer
Increased competition
Human Resource Development
Employment
23
25. Setting up Business in Sweden
ƒ a subsidiary – limited liability company (in Swedish: aktiabolag) incorporated in
As
Sweden (most preferred).
New company can be functional within 2-3 weeks as follows:
• Obtain certificate from a Swedish bank that the total cash amount for shares has
been deposited into an account. This takes 1 day to obtain.
• Submit online application to Swedish Companies Registration Office, and obtain a
registration certificate. This takes 14 days costs 2000 SEK approximately.
• Registration with Swedish Tax Agency takes 1 day and can be simultaneously done
with online application, or As a Branch (in Swedish: filial) of foreign limited company,
which may be beneficial for a transition period.
25
26. Permits for Working and Settling in Sweden
Sweden is a member of European Union and part of
Schengen zone.
Swedish Migration Board has detailed information
on working in Sweden, as well as information about
permits for people visiting and settling in Sweden.
26
27. Cost of Business
ƒThe cost of doing business in the Stockholm region and Sweden is
generally comparable to most OECD (Organisation for Economic Co-
operation and Development) countries as follows:
• Salaries for highly trained and qualified personnel are low by
international comparison and wage differentials are relatively
narrow.
• Rent and utility costs for industrial and office space are
comparatively low.
• Swedish commercial leases are more standardized and for
relatively short periods which provide necessary flexibility to
business tenants
27
28. Corporate Taxes
ƒCompanies benefit from advantageous tax rules.
Low rate of 26.3%
Highly favourable structures for holding companies
Various tax exemptions
Tax relief for key foreign employees
28
29. Set up and register as self employed
N
ƒ o work permit required.
Application for Swedish residence permit for self-employed persons,
at least 90 days prior to arrival.
A detailed business plan and proof that applicant can support himself
and his family for at least 1 year in Sweden.
Residence permits usually granted for 2 years after which Swedish
Migration Board can grant permanent permit.
29
30. Carrying on Business in Sweden
ƒ s per 2009 World Bank figures, Sweden is most knowledge – based
A
economy in the world.
There is an extensive pool of highly skilled labour.
There is heavy investment in research and development in the
Swedish economy
Management approach is non-hierarchical and based upon
consensus, sharing of knowledge and responsibility delegation
30
31. Labour laws
S
ƒ tockholm Business Region helps establish contact with
many recruitment agencies in finding personnel for wide
range of industries
Publicly funded social provisions for health care, parental
allowance, employment related insurance.
Sweden offers special tax relief to highly skilled people such
as experts, international executives, researchers and others
with special skills to work in Sweden.
31
32. Work Environment in Sweden
Modern working environment with 40 hour working week and five
weeks paid annual leave.
Culture of equal opportunity
Social security system aims to provide financial security through a
stable welfare society for all
32
33. FDI Services- Advisory Components
Restricted • Gambling
• Lottery
• Atomic Energy
Sectors • Agriculture
• Defence Production
Restricted • Insurance
• Telecommunication
• Print Media
Industries • Civil Aviation
• Single branding trading
33
34. Paid Up Capital Services- Advisory Components
• Paid up capital monetary regulations
Nature of Company • Appointment of MD
• Company secretary involvement
34
35. Environment Protection Acts- Advisory Components
• Local state laws applicability
• Pollution control limits- Air,Water,F&B
Environment • Industry specific PCB restrictions
Protection • Waste disposal guidelines
• Re-cycle management
• Carbon credits
35
36. Employment Related Laws- Advisory Components
Working Hours • Number of maximum working hours per week
Obligations for providing • Threshold level for manufacturing units
employees state insurance
Obligations under Provident • Threshold level for providing employee assistance
fund, Bonus Act
Minimum bonus provision • % contribution of basic wage
• Compensation structuring
Retrenchment • Severance package obligation
Layoff/Closure
• Financial assistance
36
37. Corporate Taxation- Advisory Components
• Annual tax obligation
Corporate Tax • Advance tax payment installment + surcharge applicable as
per income slab
• Cross border dealing obligations
Transfer pricing • Maintenance of prescribed documentation & certification by
indian firm of chartered accountants
Double taxation avoidance • DTAA application due diligence
agreement • Collaborating countries arrangement
• Business and liaison office ambit
Withholding Tax • Tax implication on specified payments
• Business accounts audit compliance basis annual turnover
threshold
Tax Audit • Income Tax Laws, Companies Act Laws
• Certification by chartered accountant firm on findings
37
38. Payroll Tax- Advisory Components
Provident Fund • Social tax compliance obligations
Employees State Insurance • Social tax compliance obligations
• Residential status tax implications
• Employment/Business visa requirements
Foreign nationals • Registration with FRRO
• State regulations- Professional tax, Shop & establishment Act
38
39. Indirect Tax- Advisory Components
• Industry wise tax structure
• Detailed stock recordings
Excise Duty • Accounts maintenance on duty payable, credit claims
• Submission of annual returns
• Customs duty compliance regulations
Customs Duty • Product based duty structure
• Duty determination ,deposit procedure for goods clearance
• Service tax calculation on applicable services
Service Tax • Billable valuation on required ST + Education cess
• Monthly deposit procedure on tax collected
• Tax obligation process
Central Sales Tax (CST) • Product and state wise tax implication
• Submission of bi-annual/ quarterly returns with authorities
• Business accounts audit compliance basis annual turnover threshold
• Income Tax Laws, Companies Act Laws
Value Added Tax (VAT) • Certification by chartered accountant firm on findings
• Entry/ Octroi tax on goods movement as per state laws
39
40. Regulatory Compliance- Advisory Components
Companies Type- Private
• Indian Laws and accounting standards
Companies Type- Public • Filing of annual returns with shareholders
and Directors details
• Regulatory Matters:
• Corporate Law-(Board meeting, AGM,
Audited accounts Annual return with ROC)
• Income Tax -(Corporate tax return, Tax
audit report, TDS return, Employee Tax
Registrar of companies laws
return)
• Service Tax
Income Tax laws
40
41. Indian Subsidiary- Advisory Components
Joint Venture
Wholly Owned Liaison Office Project Office Branch Office
Company
• Characteristic • Characteristic • Characteristic • Characteristic • Characteristic
• Ownership • Ownership • Ownership • Ownership • Ownership
• Status • Status • Status • Status • Status
• Control • Control • Control • Control • Control
• Corporate • Corporate • Corporate • Corporate • Corporate
Liability
Liability Liability Liability Liability
• Set-Up
requirements • Set-Up • Set-Up • Set-Up • Set-Up
requirements requirements requirements requirements
• Legal
obligations • Legal • Legal • Legal • Legal
• Closure obligations obligations obligations obligations
• Closure • Closure • Closure • Closure
41
42. Our Risk Consulting- Value Proposition
• Entry Strategy, Business & Strategic Planning
• Identification of Local partner, representative
• Management support for Startup ventures
• Assistance in Private Equity Investments
• Joint Ventures, Partnerships & Strategic Alliances
• Risk Management,M&A advisory
• Identification of Key Managerial Personnel
• Market Research & Feasibility studies
• Due Diligence
42
43. Riskpro Clients Our Clients
Banking/
Insurance
Corporate
MNC
Banking
Intl
Consulting
IT / Others
*Any trademarks or logos used throughout this presentation are the property of their respective owners
43
44. Team Experiences Our Experiences
Our team members have worked at world class Companies
*Any trademarks or logos used throughout this presentation are the property of their respective owners
44
45. RESUMES – Our team Credentials
Co-Founder - Riskpro
CA, CPA, MBA-Finance (USA), FRM (GARP)
Manoj Jain
Over 10 years international experience – 6 years in Bahrain and 4 years USA
15 years exp in risk management consulting and internal audits, Specialization in
Operational Risk, Basel II, Sox and Control design
Worked for Ernst & Young (Bahrain), Arab Investment Company (Bahrain),
Navigant Consulting(USA), Kotak Mahindra Bank (India) and Credit Suisse(India)
Sox Compliance project for Fannie Mae, USA ( $900+ Billion Mortgage Company)
Co- Founder - Riskpro
CA (India), MBA (Netherlands), CIA (USA)
Rahul Bhan
Over 15 years of extensive internal and external audit experience in India and
abroad.
Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and Young
Kuwait, Deloitte Netherlands and KPMG India.
Worked with clients in a wide variety of industries and countries including trading,
retail and consumer goods, NGO, manufacturing and banking and finance. Major
clients include banks, investment companies, manufacturing organizations,
aviation etc.
45
46. RESUMES - Our team Credentials
Co-Founder - Riskpro
Casper Abraham
PGD (Electrical & Electronics & Computer Programming)
30 years of experience in Information & Communications Technology (ICT) Solutions
for Retail, Garments, Manufacturing, Services Industries.
Has created Companies, Divisions, Products, Brands, Teams & Markets.
Consulting in Business, Technology, Marketing & Sales & Strategic Planning.
Advisory, Training, Workshops & Implementation in Systems Thinking, Systems
Modeling & Balanced Scorecard
Worked with TIFR, Mahindra, Ambience, Communico-Graphique & Ionidea Inc, USA,
Sr Vice President – Risk Management
MBA, PDFM,NSE-NCFM, PMP, CSSGB,ISO 9001:2000 I.A,GARP-FBR, ITILV3,CPP-BPM
Hemant Seigell
Professional with 17 years of rich experience into diverse Consumer finance/ Lending
operations ,Risk Management,BPMS, Consumer Banking, NBFC, Management Consulting &
Housing finance in BFSI industry having successfully led key business strategic
engagements across multi-product environment in APAC, Australia and US regions.
Worked with GE, ABN AMRO Bank, Citigroup, Accenture, Deutsche Postbank
Highly skilled and expert Trainer in Risk areas across Credit, Fraud, Operational, Corporate
Risk management.
Specializes in Fraud Control, AML/KYC Compliance ,QA ,ERM and Regulatory governance.
46
47. RESUMES - Our team Credentials
Head - Insurance Risk Advisory services
B.sc, Associate of Indian Institute of Insurance
Licensed Category A Insurance surveyor
R. Gupta
26 years of experience in Insurance advisory services, Loss adjusting for large
corporates,Claims management.
Has assessed more than 4500 high value insurance claims across various industry
sectors.
Risk management inspection
Valuations of fixed assets for insurance purpose.
Head - Human Capital Management
Nilesh Bhatia
Chartered Accountant, Lead Assessor ISO 9000, Six Sigma Trained, Trained on Situational
Leadership, Trained on interviewing skills and Whole Message Model.
Over two decades of international, multi-cultural experience in finance and human resources
viz. internal audit, accounting operations, accounting process review & re-designing, risk
management, business solutioning, six sigma projects, talent acquisition, talent retention,
organization design/redesigning, compensation and appraisal processing, employee and
customer satisfaction surveys, knowledge management and finance services.
Worked with Citicorp/MGF, India Glycol, Delphi, American Express India, American Express
USA, Fidelity International and Macquarie Global Finance Services India.
47
48. RESUMES - Our team Credentials
Head – Taxation Risk Advisory
Rajesh Jhalani
B.Com, FCA
Senior Partner with 48 year old Delhi based Chartered Accountant firm, Mehrotra
and Mehrotra
Over 19 years of experience in the field of Audit, Taxation, Company law matters.
Major clients served are NTPC, BHEL, Bank of India, PNB, Airport Authority of
India etc.
President – Banking & Financial Services
A senior researcher in Applied Mathematics leading to Ph.D after MSc (Mathematics),
Sivaramakrishnan
CWA, CAIIB
Combined experience of 25+ years in corporate banking, risk management,
international trade finance, development of risk rating models, project finance, credit
monitoring and NPA management
Since 2006 conducting open / in-house training on the above domains to all Top
public/ new and old private sector banks, top MNC banks (India and abroad), leading
NBFCs and corporates in manufacturing and financial services space; Worked on IFC
(World Bank) funded projects for MSMEs in India and abroad
Worked for Bank of Baroda and ICICI Bank – bestowed Top Performer Award
continuously two years during his tenure; widely travelled abroad for business
relations, seminars, offering training, investor meetings, NYSE listing and for
processes involving establishment of representative Office in USA
48
49. RESUMES - Our team Credentials
Executive Vice President – Risk Management ( Banking & Financial Services)
A hands-on banking professional {BSc (Mathematics), CAIIB} with considerable
domestic and international experience
Kashi Banerjee
An aggregate experience of 24+ years across industry, mainly BFSI in several
functional areas including Retail and Commercial Banking, Corporate Lending, team
member of the Business Process Re-Engineering project (BPR); conceptualizing and
setting up shared services centres for centralized operations for the Bank in India.
Management through ERM framework overseeing all key areas of the business
through various Operational Risk tools like KRI / RCSA matrices. Managing of major
project implementation of Basel II and Compliance risk framework
Directing, reviewing and advising Board of Directors on various compliance issues and
representing the bank to the Central Bank regulatory offices.
Worked for ANZ Grindlays Bank, Standard Chartered, Bahraini Saudi Bank and Dubai
Holdings ( subsidiary)
Consultant – Information Security & IT Governance
Anjay Agarwal
LLB, CA, CISA, CWA, CS, CFE and others
Over 15 years of experience in the field of Audit, Taxation, Investigations.
Specializing in the field of Systems Audit, Cybrex Audit, Computer Crime
Investigations, IS Forensics
International Committee Member of Governmental and Regulatory Agencies
Board and Academic Relations Committee of ISACA, USA
49
50. RESUMES - Our team Credentials
Executive Vice President – Risk Management ( Banking & Financial Services)
Vijayan Govindarajan
Professional Risk Manager with considerable domestic and international experience
An aggregate experience of 30 + years across industry, mainly Banking in several functional areas
including Wholesale Credit Risk, Operational Risk, Trade Finance , Retail Banking and Islamic Financial
Services.
Track record of setting up of excellence in the set-up, and management of credit and operational risk,
compliance and credit administration functions in retail, commercial , Islamic Banking and offshore banking
entities in the Middle East.
Key strength includes Corporate Credits, Risk Management in IT, implementation of Risk Management
module in core banking Bank’s Policies, procedures, Country Risk. Played an active role in 3 core banking
software implementations
Worked for a Private Sector Bank in India, ABN AMRO Bank, Bahrain, Bank Muscat Bahrain and BMI Bank
Bahrain as AGM Risk Management.
Specialist Risk Consultant – ERP & IT Compliance
Gourav Ladha
SAP Certified, MBA (Finance), SAP Security trained (from SAP India), SAP GRC Access Controls trained
(from SAP India)
Over 7 years of experience working in the area of ERP/IT Risk advisory, primarily focusing on SAP, for
‘Fortune 500’ clients in around 8 countries including US, UK, UAE, Hong Kong, etc
Specializes in SAP Risk & Controls Advisory, SAP Business Process Controls Audit, SAP Security &
Segregation of Duties Control Audit, ERP Trainings,
Strong Industry experiences ranging from Beverages, Insurance, Energy, FMCG, Pharmaceutical, Retail,
Telecommunication to IT Services
Worked for risk advisory teams of reputed organizations like Ernst & Young, EXL Services
50
51. RESUMES - Our team Credentials
Vice President & Head – IT Risk Advisory
Ravikiran Bhandari
Over 14+ Years of Experience in Information Security and Risk Management & CISM
certified
Headed the Global Information Security team of Daimler (Mercedes-Benz) Worldwide at
Bangalore for 9 years, previously worked at organization like Wipro, Bangalore Labs
Multi-sector experience including Banking, Insurance, Finance, Energy, Manufacturing,
Retail, Hi-Tech & Telecom, and Automobile
Well known Ethical hacker: Was featured in BusinessWorld Magazine in an article about
leading ethical hackers in India and published several articles in Print and Online Media
Rich experience in Information Security Audits across Corporations, 3rd Party Suppliers, Joint
Ventures across several countries in the world including US, UK, China, Germany
Vice President – Legal Risk Advisory
Aashish Srivastava
B.B.A. LL.B. (Hons.)
About half a decade experience in legal services to client’s with respect to Contract
and Commercial Laws, Joint Ventures, Inbound & Outbound Investments, Private
Equity Investment Transactions, Real Estate & Infrastructure, Energy and General
Corporate.
Have advised various social enterprises and start ups in setting up business in
India.
Worked for the leading law firms of India such as FoxMandal Little.
51
52. RESUMES - Our team Credentials
Vice President – Riskpro India
Phanindra Prakash
FCA [India], ACMA [India], CFE [USA], CertIFRS [UK]
Over 16 years of extensive consulting experience which includes financial & systems audit,
process transformation, implementation of internal controls, SOX compliance, fraud audits
& due diligence, US-India taxation
Engaged in consulting roles as trusted advisor to finance, internal audit and information
technology executives of multiple Fortune 1000 companies with project sites in US,
Canada, Europe & Asia
Worked with E&Y and Deloitte Consulting in USA
Some of the major clients served internationally are GE Capital, UBS, McKesson, Eaton,
Imation, Albertsons,
EVP and Head – Telecom Risk Advisory
M.Tech, IIT Kharagpur, India; IES; Doctoral study, research and teaching in Linkoping
University/Sweden; Lead Auditor (BVQI).
Asok Sit
Over 30 years on International experience in networks and mobile Handsets from top
global companies /institutes like ISRO, Ericsson, Nokia, Nokia Siemens Networks and
based mostly in its head quarter locations in India, EU, USA.
Expertise: Setting up capability, behaviour, culture in turning Risk, Quality, Innovation for
competitive advantage, customer delight and sustainability; key skill sets are Engagement,
Handholding, Coaching, Mentoring and lot of best practices, benchmarking/standards like
CMMI, TL9000, Six Sigma, ISO, SAS 70 etc.
52
53. RESUMES - Our team Credentials
Executive Vice President – Riskpro India
Siddhartha Ghosh
CPA (USA), ACA, ACS, Grad CWA (India), MBA (USA), Associate ICPAS (Singapore)
Over 25 years of extensive audit and industry experience which includes 19 years with
Rolls-Royce India Pvt Ltd at New Delhi and its associate and parent companies of Rolls-
Royce in UK, USA and Singapore in all aspects of Finance, Taxation, Audit, Banking, Legal,
Company Secretarial, Statutory compliances and due diligence, Internal Control, ESOP,
Budgets, Cashflows, Forecasts, MIS Reporting, HR, Expatriate & Office Administration,
Payroll, IT, Retirement Funds Administration, Shared Services, Project Accounts, etc.
Worked with Price Waterhouse Coopers for 4 years with reputed MNCs, banks, Indian
corporate houses
Worked with McNally Bharat Engineering Company Ltd for 4 years
53
54. RESUMES - PARTNERSHIPS
Specialist Risk Consultant – Business Continuity
Andrew Hiles
Founder and 15-year Chairman of Survive, the first international user group for Business
Continuity professionals
Founding director and first Fellow of the Business Continuity Institute
Over 25 years international consulting expertise in Risk, Crisis, Emergency, Incident, and
Business Continuity and ICT Disaster Recovery Management
Multi-sector experience including Banking, Insurance, Finance, Oil, Gas, Energy,
Manufacturing, Retail, Hi-Tech & Telecom
Western Press Award for services to business, 1994; BCI/CIR nomination for
lifetime achievement in BC, 1999, London; inducted into BC Hall of Fame by CPM magazine,
2004, Washington DC.
Specialist Risk Consultant – Enterprise Risk Management
Chris E. Mandel
Highly skilled risk and insurance professional with 25 years of experience designing,
developing and implementing large, global corporate risk management programs for Fortune
500 firms.
Principal Consultant and Founder - Excellence in Risk Management, LLC. (Texas, USA) Co-
founder and EVP, Professional Services, rPM3 Solutions, LLC (Maryland, USA).
Past experiences include Head of Global Risk Management for USAA, PepsiCo/Tricon
Global and American National Red Cross
Additional risk and insurance experience at Verizon Corp,. Marsh USA and Liberty Mutual
Insurance Co.
2004 Risk Manager of the Year – 2007 recipient of the Alexander Hamilton Award for
“Excellence in ERM” (at USAA) – former President, Risk and Insurance Management
Society, Inc.
54
55. RESUMES - Advisors Credentials
Founder partner of Mehrotra and Mehrotra, a 48 year old CA firm in India
Mr. MP Mehrorta
B.Com, FCA, LLB
Over 48 years of experience in audits, taxation, legal matters, loan syndication etc.
Trustee of Cochin Port Trust, Member of Task Force for MOUs, Ministry of Heavy
Industries & Public Enterprises, Govt. of India, Ex- Member of Central Board of
Trustees, Employees’ Provident Fund Organisation (EPFO), Ministry of Labour,
Govt. of India, New Delhi.
Ex - Director, Canara Bank
Practicing chartered accountant in Delhi
CA, ICWA
Mr. PK Gupta
Over 35 years of professional experience.
Trustee, Kargil Shaheed Smarak Samiti
Hon. Treasurer, World Academy of Spiritual Sciences (WASS).
Panel Arbitrator, International Centre for Alternative Dispute Resolution
Arbitrator, Cement Corporation of India
Arbitrator, Bombay Stock Exchange Limited
Arbitrator, Central Depository Services (India) Limited
Arbitrator’s Panel of Indian Council of Arbitration
55
56. Key Contacts
Corporate Mumbai Delhi Bangalore
Riskpro India Ventures (P) Manoj Jain Rahul Bhan Casper Abraham
Limited Director Director Director
M- 98337 67114 M- 99680 05042 M- 98450 61870
info@riskpro.in manoj.jain@riskpro.in rahul.bhan@riskpro.in casper.abraham@riskpro.in
www.riskpro.in
Shriram Gokte Hemant Seigell Vijayan Govindarajan
EVP - Risk Management SVP – Risk Management EVP – Risk Management
C 561, Defence colony M- 99536 97905 M- 99166 63652
M- 98209 94063
New Delhi 110024 shriram.gokte@riskpro.in hemant.seigell@riskpro.in vijayan.govindarajan@riskpro.in
Sivaramakrishnan Ravikiran Bhandari VP – IT
President – Banking & FS Risk Advisory
M- 98690 19311 M- 99001 69562
smaran.iyer@riskpro.in ravikiran.bhandari@riskpro.in
Ghaziabad / Noida Chennai Kolkata Gurgaon
Siddhartha Ghosh R. Muralidharan Kashi Banerjee Nilesh Bhatia
EVP - Finance EVP – Risk Management EVP – Risk Management Head – Human Capital Mgt.
M- 9810058072 M- 95660 77326 M- 98304 75375 M- 98182 93434
Siddhartha.Ghosh@riskpro.in murali@riskpro.in kashi.banerjee@riskpro.in nilesh.bhatia@riskpro.in
R Gupta - Insurance Risk Asok Sit
M- 98101 07387 EVP – Telecom Risk Advisory
M- 98105 03463
asok.sit@riskpro.in
Pune Salem Ahmedabad Hyderabad / Agra
M.L. Jain Chandrasekeran Maulik Manakiwala Phanindra Prakash (Hyderabad)
Principal – Strategy Risk Recruitment franchisee Member Firm Member Firm
M- 98220 11987 M – 94435 99132 M – 98256 40046 M- 95500 61616
mljain@riskpro.in
Gourav Ladha Alok Kumar Agarwal (Agra)
Sap 56
Risk Advisory Member Firm
M- 97129 52955 M- 99971 65253
