Avinash Bindal

A Kuwait-based large conglomerate group with its interests located in MENA (Kuwait, Bahrain, U.A.E., Oman, K.S.A., and Jordan), Australia and Europe. It is a diversified group having business in real estate, hospitality, oil and gas, IT, investments etc.

M.H. Alshaya Co. is a multinational retail franchise operator headquartered in Kuwait. It operates 90 consumer retail brands across the Middle East and North Africa, Russia, Turkey and Europe. In addition to its retail operations, the Alshaya Group has holdings in real estate, construction, hotels, automotive and general trading, largely centered in the Middle East

Moore Stephens, Kuwait
Moore Global has grown into one of the world's leading accountancy and advisory networks; they are a global family of 30, 000 professionals across 260 independent firms working in more than 100 countries

KPMG is one of the Big Four audit firm which operate in 146 countries and territories, and collectively employees around 227, 000 people, serving the needs of business, governments, public-sector agencies, not-for-profits and through KPMG firms' audit and assurance practices, the capital markets

Strategic Projects & Corporate Finance
•Provided effective financial stewardship, thereby played a key role in steering the institution's future growth & development.
•Proffering financial stewardship and business intelligence - financial modeling & feasibility studies for expansions/ various investment opportunities tender bid, etc. Establishing complete corporate finance architecture, creating a financial blueprint and aiding in achieving Group's robust goals.
•Proficiently accountable for carrying out Group Valuation involving valuation of various companies across different business sectors of the Group
•Delivering commercial insights, proposed structure for various deals especially for Oil and Gas related contracts, midst O&G market evolution that are sweeping the globe and extensive involvement in the analysis of the strategic project/decision of the Group, including impact on the divisional & Group profitability, cash flow and other covenants.
•Successfully negotiated and close various sell, purchase and other transactions
•Provided valuable resilient leadership in the Covid-19 world, efficaciously managed new set of challenges - tight cash control and ensured appropriate cost-savings measures covering all sectors and areas. Regularly reviewed and facilitated turnaround from both aspects, i.e., increasing revenue or reducing cost, including small savings to achieve optimum levels.
•Composited in the IPO readiness exercise to adopt the best practices in various departments of the business and comply with requirement/process adopted by listed companies also part of the capital structure study for a major expansion of one of the major business of the Group.
•Effectively handled delisting of the entity from the AIMS market in the UK, presented effective analysis of its benefits for Management and liaised with the Lawyers/ Consultants to convince other shareholders and Courts for obtaining approval and completing the process smoothly.
•Played an integral role in the continued growth of the Group by leveraging entrepreneurial and visionary ideas.

Treasury
•Manage cash flows & gearing ratios related to them, evaluating funding requirement (short & long term) for various projects, companies and Group, ensure appropriate capital structuring (obtain fitting financing product with suitable terms and covenants), highlighting issues/constraint, suggest and implement potential solutions.
•Banking related matters including new financings, refinancing, structuring, hedging, monitoring finance costs, maintaining relationship with bank across countries and other treasury function.
•Nurtured synergistic relationship with various banks in various countries to obtain deferrals for bank payments, in the challenging era of Covid -19, explained all steps taken by management to mitigate impacts and expectations for the recovery of business in different sectors.
•Implementing the centralized treasury function at the Group level for all group companies across businesses and countries.

Taxation and Structuring
•Providing support in strategic international tax matters in multiple jurisdictions, including
•Formulating and implementing the Group transfer pricing policies adhering to OECD guidelines
•Country-specific requirements including permanent establishment, substance requirements, thin cap analysis, etc,
•Preparation for readiness & implementation of BEPS including CBCR, etc.,
•Drafting tax-efficient structures for companies in various jurisdictions and tax planning for various business contracts and transactions for tax optimization.
•Regular monitoring of changes in applicable tax laws, appraise of key legal agreements, etc. and recommending appropriate solutions.
•Delivering tax, commercial, legal intelligence during the formation of any new company/ establishment of the legal and beneficial structure.

MIS and Analytical
•Generating an array of analytical reports to the management on the results and performance of different divisions and organized presentations for Board Meetings of various Group members for the annual budget and projections.
•Monitoring and evaluating regularly costs for all divisions & companies and implement appropriate cost saving measures.
•Functioned as the analytical engine of the Group, managed the strategy annual reviews, planning & reporting and proffered data-driven insights to support optimal financial business decision making.
•Evaluated the historical financial results, people, operating procedures, accounting policies and the internal controls to determine strengths and weaknesses and presented a series of straight - forward recommendations.
•Expert in delivering vision and value at the Board level provided effective business partnering support to C-Suite /senior management stakeholders through the provision of insightful analysis and action-oriented reporting to drive greater revenues and shareholder value.

Accounts
•Provided on-going financial executive leadership and ensured timely completion of the statutory audit of all Group companies across 10 countries.
•Ensure timely preparation and audit of the financials for all Group companies including the consolidated financials in accordance with the IFRS. Managed one of the biggest consolidations (approx. 70 companies) in the region.
•Conducted internal valuations of various investments of the Group and dealing with the auditors / third party for any other major issues in any of entities across all countries.
•Project Manager for implementing Oracle software for the Group consolidation, which engages consolidation of more than 70 companies. Leveraged next-generation finance technology, re-engineering processes, fostered a continuous improvement culture to achieve productivity goals through Oracle implementation.


Audit
•Superintended team of Assistants for various internal and statutory audit and analytical assignments of companies across the financial/investments, manufacturing, contracting, trading and service sectors.
•Entrusted to manage audits for significant corporate clients, including banks and manufacturing companies.