Formerly known as Acquisory Risk Consulting Pvt. Ltd.
Excedor IT Risk Consulting Pvt. Ltd.
Board of Directors
Ashutosh Agarwala
Ashutosh, is the Wholetime Director of
Excedor. Management expert with more
than 30+ years of professional experience
across various businesses and registered as
an Insolvency professional with IBBI.
During his career spanning more than three decades, he had a long-stint in Project Finance at ICICI Bank and then handled mission-critical assignments in manufacturing and infrastructure sectors. While holding the position of Director Finance & Group CFO of large-sized companies like Jindal Steel and Power, GMR Infrastructure, Essar Steel and Reliance Power he has accumulated experience of leading the initiatives essential for consistent growth and success of any organization. He has been actively involved in formulation and deployment of restructuring and turnaround strategies which have contributed to the profit improvement and operational excellence in diverse businesses. He has proven expertise in evaluation of investment proposals and mobilization of financial resources for maximizing shareholders’ wealth and sustainable future growth
He has been leading the Formulation and Implementation of the financing strategies & initiatives for the listed and unlisted Corporate Entities through private placement or public issuance of rupee or forex denominated debt, equity and other hybrid structures.
He has been overseeing Identification and Evaluation of potential greenfield investment opportunities coupled with preparation of Preliminary Feasibility Studies and Detailed Project Reports for facilitating decision-making.
Ashutosh is a registered Insolvency Professional under Insolvency & Bankruptcy Code, 2016 (Reg No. IBBI/IPA-001/IP-P01123/2018-2019/11901). He has experience of handling large IBC assignments with a debt size of more than INR 7000 crores.
Jeenendra Bhandari
Jeenendra, is the Non-executive Director of the Excedor. He has over 24 years of experience. He is registered with Insolvency and Bankruptcy Board of India(‘IBBI’) as an Insolvency Professional.
He is a Partner at MGB, a 43 year old firm that provides comprehensive set of assurance, taxation, risk management and business advisory services under one roof. With more than 24 years of experience, Jeenendra currently leads the Business consulting unit of the firm & leads the business development of the firm’s practice. He has led his firm from a 20 people team when he joined into a 350 people full service consulting firm with 4 offices in India. He was a Member of the International Taxation, International Affairs Committee and Auditing and Assurance Standards Board of the ICAI.
Apart from being a good professional, Jeenendra is a great leader too. He is the Chairman of the Mumbai chapter of Young Indians, the youth arm of Confederation of Indian Industries (CII). He was the Chairman of the ‘Young Leaders Forum’ the youth wing of Indian Merchants Chamber (IMC) for two consecutive years from 2004 to 2006. He is also a Charter member of TiE Mumbai which is the world’s largest network of successful entrepreneurs, corporate executives and senior professionals established with an aim to foster entrepreneurship. Jeenendra loves mentoring new business ideas and has invested in a number of technology and healthcare start-ups and exited a few of them successfully. He sits on the Board of companies as an Independent Director advising promoters and founders on their companies and strategy.
Jeenendra is a registered Insolvency Professional under Insolvency & Bankruptcy Code, 2016 (Reg No. IBBI/IPA-001/IP-P00172/2017-2018/10341).
Nitin Panchal
Nitin is a Director of Excedor. Management expert with more than 25+ years of professional experience across various businesses and registered as an Insolvency professional with IBBI.
He has Represented Project Monitoring Committee in Kidde (UK) Group for execution of contracts on Turnkey Basis (Supply Erection & Commissioning) for Fire Protection / Detection Systems on turnkey basis for various sectors like Refinery, Petro Chemicals, Thermal Power Stations, Nuclear Power Stations and Electricity Boards for the projects spread all over India. He has headed Operations at Handloom Division of Home Textile Company employing more than 1500 workers with successful Operational turnaround.
Strong Technical expertise and headed in setting up four units in the Textile segment under Technology Up-gradation Funds Scheme (TUFS) right from conception to commissioning. He has valuable experience in handling BIFR matters of one of the leading Textile Company who is a Green Channel supplier of the Top 10 retail giants in the Home Interior Segment Successfully implemented a comprehensive Financial Restructuring Package comprising of a Repayment Holiday for existing Term Loans under the Technology Up-gradation Funds Scheme (TUFS), settlement of FCCB and Private Placement of Equity, and eventually making the company Debt free with effective cash flow management through representation on the Cash Flow Monitoring Committee and ensuring compliance of the Re-schedulement Package by Lenders and Ministry of Textiles(MOT). Successfully Completed Financial Restructuring of an entity engaged in Technical Textiles (Auto Fabrics). He has represented German Group manufacturing Automobile Fabrics-on their Technical Advisory Cum Monitoring Committee (TAMC) for Technical Textiles Segment acquisition initiatives in India.
He is an expert in handling Finance & Integrated Treasury Operations, Dealing with banks and Financial Institutions for Working Capital / Term Loan Proposals & Pre-Post Disbursement compliances, ,Security Documentation for Term Loans and Relationship Management with Statutory bodies like RBI, DGFT, MOT, Credit Rating Agencies, Valuers, etc.
Nitin is a registered Insolvency Professional under Insolvency & Bankruptcy Code, 2016 (Reg No. IBBI/IPA-001/IP-P00777/2017-2018/11350). He has experience of handling large IBC assignments with a debt size of more than INR 2000 crores. He has also conducted training sessions on IBC for Executives of the Indian Overseas Bank.
Prakash V. Kukreja
Prakash is the Director of Excedor. A Senior Finance and Risk professional and a Management Consultant with over 21 years of experience. He is registered as an Insolvency Professional with IBBI.
He has over 21+ years of experience working across various industries like consulting and audit firms, manufacturing, IT, conglomerates, and banking. He was associated with companies like Oracle, Aegis (Essar Group), J.P. Morgan, and Citibank.
An ex-banker and has over 12 years of experience working in senior positions in finance and risk with banks such as Citibank and JP Morgan. His last stint in corporate was for ten years as Vice President, Treasury Risk Management, Citibank, Mumbai.
He is a qualified Chartered Accountant, Management Accountant, Information System Auditor,
Insolvency Professional, and Registered Valuer.
He is an expert in domains like business/financial planning and analytics, Treasury risk management, insolvency and bankruptcy, business valuations, offshoring and transition management, business process re-engineering, and team management with international exposure.
During his career of 21+ years, he has:
Imparted training for 175+ hours to senior professionals as a subject matter expert on various topics like valuation, finance, accounting, general corporate laws, and insolvency through various RVOs. Built and managed large and diversified teams (up to size 40) for domains like financial planning, analytics, and Treasury risk management. Lead International projects for Treasury Risk Reporting and Analytics, Financial Transformation, and Analytics. Developed a decision support system through analytical dashboards for senior management and business heads. Generated multiple FTE savings through resource and process optimization. Partnered in various business valuation assignments related to start-ups, IT companies, intangible assets, IBC, ESOPs, financial modelling, and impairment testing.
Partnered in CIRP and individual insolvency cases. Currently a member of the Expert Committee of a Registered Valuer Organization. Prakash is a registered Insolvency Professional under Insolvency & Bankruptcy Code, 2016 (Reg No. IBBI/IPA-001/IP-P02599/2021-202/13990).