US headquartered fund with a portfolio of over $350bn across the world and US$6bn investments in India appointed Practus as the Interim Controller for its India office, reporting to the HK Regional Office
Swiss headquartered, PE invested, global leader in visa processing services needed help in Post Merger Integration for its acquisitions in Ukraine, Russia, UK, Dubai, Abu Dhabi and India
Fortune 1000 Swedish-Danish global leader of high-value added vegetable oils and fats, with a presence in 13 countries brought in Practus in an Interim CFO role. The company faced challenges in integration of its newly acquired India subsidiary on account of differences in cultures, separation of KMP in Finance and lack of a proper handover
Fortune 1000 German-Kiwi Joint Venture and a global leader in excipient solutions brought in Practus to manage the Post Merger acquisition as their India CFO
US major PE invested stressed infrastructure company with~US$175mn revenue and ~US$250mn borrowings needed help with restructuring and turning around its highways business
Global leader in cruise liner business needed help with validating a business case for a shared service centre and transition of finance processes from the UK to India
US$150mn industrial Fragrances and flavors leader, with
manufacturing facilities in India and Europe, in the midst of a family dispute, needed help with professional management of its finance function
PE invested UK based start-up, multi country provider of innovative IT solution including real time financial data, news and algorithmic decision tools to brokerages, financial Institutions, fund managers
Promoter owned and managed supermarket chain with Revenue of ~US$150mn 27 retail and 2 C&C stores in Abu Dhabi, Sharjah & Dubai employing 1,000+ employees
Global leader, Australian supplier of ATM and POS Machines formed a JV with leading PE fund and scaled up ~500 ATMs to 3,000 ATMs in 12 months
Fortune 500 French headquartered MNC and global leader in nutrition and water needed help with moving from yearly budget model to a rolling forecast model. Practus was tasked with developing an automated tool at an SKU level allowing for multiple iterations, increase frequency of reporting and lesser need for interaction between business and finance teams
Estimated Time Saving of the F&A Team and the CFO w.r.t the activity of forecasting
Resources Involved | Before Practus’s Model (days per month) | After Practus’s Model (days per month) |
---|---|---|
CFO | 2 | 0.75 |
FP&A Team | 9 | 3.5 |
Fortune 500, leading risk management, insurance broking and human resources consulting firm based out of USA sold its payroll processing businesses in Singapore, China and India to a PE fund
$200mn, PE invested, family run Tier I auto component company with businesses in India, Europe, USA and Brazil needed Practus to automate its compliance, reporting and material planning requirements
Merchant lending Non-Banking Finance Company, an investee of an award winning Fund with over ~US$200mn in loans, required assistance in improving sales effectiveness and customer retention
US headquartered Social Impact fund with ~US$1.3bn corpus making grants and investments in social enterprises in education, health, water and sanitation. Operating in 8 countries, the fund needed assistance with implementing an IT tool to monitor operating levers and financial performance of its 49 investees
US$4bn listed, global manufacturer of industrial steel valves with 15 manufacturing plants globally needed help with implementing a product costing system in Baan Infor