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HEMANTH KHANDAGALE, Vice President

HEMANTH KHANDAGALE

Vice President ·Virenxia Group

United Arab Emirates

Higher diploma, Sustainability - Chartered Accountant

Work experience

Total years of experience: 13 years, 2 months

Vice President

April 2018 - Present

Virenxia Group

Dubai, United Arab Emirates

April 2018 - Present

Virenxia is a 360 degree sustainable social empowerment company. Key Achievements projects wise are as below:

Commercial Prototype Alfalfa Farm

• Took over a 100acre Alfalfa Farm operations in Shaser, Dhofar, Sultanate of Oman
• Re-negotiated the land rent reduction by 75% to enable the Prototype’s financial sustainability
• Stabilized the Ukraine technology and investor relationship
• Established R&D lab facilities with Sultan Qaboos University (SQU) and the Directorate of Agricultural Research, Al Rumays, Batinah Governorate, Sultanate of Oman.
• Pursued product commercial quality research with SQU which delivered stupendous findings of Virenxia’s Freshalfa product viz., Freshalfa contains record 9.5 MJ/DM of energy, Cattle consuming Freshalfa provide 20% more milk compared to other roughages (US & Sudani), Freshalfa reduces the concentrates in the TMR by 10%, which results in a 42% reduction in feed cost and a 47% Feed efficiency.
• Established contracts for Advance booking for Alfalfa across many cities of Oman, like Salalah, Ibri, Sharqiyah, Muscat, Nizwa, Sohar and Al Ain.
• Enabled Trademark registration of Virenxia and Freshalfa brands in Ministry of Commerce, Oman.
• Enabled first ever sale of Alfalfa Bales online on OLX Oman during the pandemic.
• Enabled a unprecedent standing order of 20 Trucks (10 Tons) per month of Freshalfa Hay as against a production capacity of 4 Trucks.
• Enabled the highest sale price for branded Alfalfa. Freshalfa sells at the same price as imported American Alfalfa.
• Freshalfa requirement was also solicited across the border in UAE. Major corporates like Dubai Camel Hospital and Zabeel Equestrian Office invited Virenxia to establish Alfalfa cultivation farms in UAE.
• Established a financial accounting, online operations reporting and monitoring mechanisms system for the Farm Operations
• Established a smooth transparent working environment between different nationals from Oman, Ukraine, South Africa, Zimbabwe, Russia, Ireland,

Large Scale Commercial Expansion
Land was found and offered to the technical team for evaluation as below:

 Land belonging to Oman’s H.E. 4, 000 acres in Dhofar region
 Land belonging to Dubai Camel Hospital - 2, 000 acres in Al Marmoom and Lahbab
 Land belonging to Zabeel Equestrian Office - 1, 000 acres in Wadi Safa
 Ready Farm land behind RAK Airport - 50 acres

Farmics Biostimulants
r in GCC - Saudi, Oman and UAE during 2020-21. The steps taken by the VP Agri for the Roll out were:

 Market Research of all products similar to Biostimulants in GCC
 Demand and Supply analysis
 Competition analysis vide quality, quantity and pricing
 Crop cycle costing of all competition products compared
 All major dealers, distributors and retailers of Agri products contacted
 Signed up one distributor in Oman and one in UAE
 Saudi retail trading limitations analyzed and ADGM SPV route recommended
 Identified two distributors who can take up Farmics products in Saudi
 Assisted in the product registration of Biostimulants in Oman and UAE.
 Enabled Trials in
o UAE - Al Foah Experiment Center, Acacia Nursery, Gover Nursery, Wild Flower Nursery and Greenfields Farms.
o Oman - Tawoos Agriculture Systems, Nehad Agronomy, Global Investment Projects, Sultan Qaboos University

Company industry:
Agriculture & Crop Production
Job role:
Farming and Agriculture

Director Finance & Operations

April 2013 - March 2018

OMNI Realty Group (Family Office)

Dubai, United Arab Emirates

April 2013 - March 2018

Apr 2013 till date OMNI Realty Group Director of Operations & Finance
May 2012 till Sept 2012 KEMROCK Group Group Director Finance
Feb 2010 - May 2012 KARVY Group Vice President - Investment Banking / Finance
Jan, 2004 - Aug 2009 Royal Bank of Scotland Asst Vice President - Operations
July 2002 till Jan 2004 ICICI Bank Ltd Manager - Operations
Jan 2001 - June 2002 Mallya Hospital Manager - Finance & Audit
Sept 1998 - Dec 2001 Trinity Apparels (P) LTD Manager - Audit
June 1995 - June 1998 M/s. P. Ishwara Bhat & Co. Audit Assistant

Company industry:
Real Estate
Job role:
Accounting and Auditing

Education

University Of Colorado - Denver

May 2021

May 2021

Higher diploma, Sustainability - Chartered Accountant

United Arab Emirates

GPA (point): 5 out of 5

GPA (point): 5 out of 5

First Steps for Making the Business Case for Sustainability
View attachment

Institute of Chartered Accountants of India

May 2002

May 2002

Master's degree, Chartered Accountant

India

GPA (percentage): 55%

GPA (percentage): 55%

Chartered Accountant from the Institute of Chartered Accountants of India, completed the course in 2002.
View attachment

Skills

Change Management
Expert
Change Management
Expert
Real Estate Financing
Expert
Real Estate Financing
Expert
Finance
Expert
Finance
Expert
Audit Internal & External
Expert
Audit Internal & External
Expert
Operations Experience
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Operations Experience
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Finance, banking operations, audit, real estate project management
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Finance, banking operations, audit, real estate project management
Expert
Training & Coaching
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Training & Coaching
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Legal Documentation
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Legal Documentation
Expert
MS Office
Expert
MS Office
Expert
Team Management
Expert
Team Management
Expert
Project Management
Expert
Project Management
Expert
Change Management
Expert
Change Management
Expert
Real Estate Financing
Expert
Real Estate Financing
Expert
Finance
Expert
Finance
Expert
Audit Internal & External
Expert
Audit Internal & External
Expert
Operations Experience
Expert
Operations Experience
Expert

Languages

English
Expert
Hindi
Expert
Kannada
Expert
Tamil
Intermediate

Memberships

ICAI

Member

May 2002

Training and Certifications

Certifications
Associate Chartered Accountant
Institute of Chartered Accountants of India
May 1995 - May 1998

Hobbies

  • Reading Management and English Literature Books
    Daniel Kahneman - Thinking, Fas and Slow Dan Ariely - The Honest Truth about Dishonesty Nick Vuijicic - Life without Limits Never Eat Alone - Kieth Ferrazzi Paulo Coelho - The Alchemist Amartya Sen - The Argumentative Indian DAn Airely - The Upside of Irrationality