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Irshad  Contractor , Managing Director

Irshad Contractor

Managing Director·Technosat

United Arab Emirates

Master's degree, Senior Executive leadership

Work experience

Total years of experience: 37 years, 7 months

Managing Director

May 1995 - Present

Technosat

Dubai, United Arab Emirates

May 1995 - Present

Bought two satellites Anik D and Anik D 2, from Telesat Canada and sold it to Saudi Government, with his Higness Prince Hassan Al Saud. Each being 180 Million usd, approx.

Set up a manufacturing unit in Korea with Samsung Electro mechanics, ( OEM ) to manufacture Technosat Branded satellite receivers. Brought container loads to Dubai and sold to all the MENA countries. Then moved to Schenzen, China and grew to sell in excess of 25 Million units !

Set Up ICHD, in 2010, which encrypted MBC HD channels using Irdeto smart card technology and embedded it in the Technosat HD decoders and launched it across the MENA, exclusively with Bin Dawood hyper markets . A 270 Million riyals contract. Today having a connected home base of 300, 000 boxes.

Started a man power supply and contracting company in 2017 and now the turn over is well in excess of 100 M riyals, with a net profit of 12 M riyals .

Company industry:
Telecommunications
Job role:
Management

Financial Controller

May 1993 - June 1995

Dowell Schlumberger

Dammam, Saudi Arabia

May 1993 - June 1995

Joined Dubai region office as a management accountant and got promoted within one year as a District Financial controller.
Conducted audits in locations and reported directly to the world wide controller in France.
Updated the user manuals and re wrote the by laws in the accounting manuals for inventory and fixed assets. Used Schlumberger internet in 1994 to consolidate accounts of all the regions and send the consolidated accounts to the region office and in turn sent, after being approved, sent it to the world wide controller.
Negotiated and reduced days sales outstanding from 85 to 17 and collected over 85 million usd in receivables from Aramco. Managed banking and finance to ensure proper cash flows and accounts were prepared and reviewed in a timely manner.

Company industry:
Oil & Gas
Job role:
Accounting and Auditing

Senior Auditor

May 1991 - June 1992

PriceWaterHouse Coopers

Dubai, United Arab Emirates

May 1991 - June 1992

Audited Banks, Insurance companies, trading companies and hotels, etc.
Compiled audit programs and cleared audits with preparation of the full set of financial statements including the auditors opinion, income statement, Balance sheet and statement of cash flows, for each of the above mentioned companies in the industries mentioned.

Company industry:
Accounting
Job role:
Accounting and Auditing

Senior Auditor

May 1989 - June 1990

Arthur Andersen & Co.

Al Kuwait, Kuwait

May 1989 - June 1990

Performing analytical reviews, from compliance testing and substantive test results.
Prepare valuations and write market analyses and evaluate project status and potential for success in markets.
Audits and preparation of full set of finanacial statements.

Company industry:
Business Consultancy Services
Job role:
Consulting

Semi Senior Accountant

May 1985 - June 1987

Ernst & Young

Al Kuwait, Kuwait

May 1985 - June 1987

Performed, notes cancellation at central bank of Kuwait. Followed audit programs and performed test of balances and test of transactions. Prepared full set of audited financial statements

Company industry:
Accounting
Job role:
Accounting and Auditing

Education

Harvard Business School

June 2017

June 2017

Master's degree, Senior Executive leadership

United States

The senior executive leadership program at the Harvard Business school is a one years certificate program that has four modules of 3 months each. First Module being on Globalization specializing in economics and factors leading to identification of potential growth markets. Case studies identifying reasons and evaluations for driving sustainable excellence and scalable inorganic growth. Second Module being Innovation specializing in disrupting the markets and inventing new opportunities for consumers. Case studies identifying excellence through customer centric organizations and creating share holder value. Third Module being Negotiation specializing in a win win approach. Case studies identifying how to lead organisations , Team building and Self discipline and driving excellence through corporate communication.
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American institute of Certified Public Accountants

September 1997

September 1997

Master's degree, C.P.A. Certified Public Accountant

United States

Passed the Uniform Certified Public Accountants Exam from Atlanta , Accountancy state board of Georgia.
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Mumbai University

June 1985

June 1985

Bachelor's degree, B.Com. Bachelor of Commerce

India

Passed the Bachelors degree from Smt. Mithibai, Motiram Kundani college of Commerce, Bombay University, Mumbai, Maharashtra, India, in First class with honours in Financial accounting and auditing.
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Indian School , Kuwait

May 1980

May 1980

High school or equivalent, S.S.C. Secondary School Certificate

Kuwait

Passed high school from Indian School of Kuwait, Salmiya, Kuwait.
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Skills

Enterprise Valuation
Expert
Enterprise Valuation
Expert
External Audit
Expert
External Audit
Expert
Leadership
Expert
Leadership
Expert
Financial statement analysis
Expert
Financial statement analysis
Expert
Enterprise Valuation
Expert
Enterprise Valuation
Expert
External Audit
Expert
External Audit
Expert
Leadership
Expert
Leadership
Expert

Languages

English
Expert
Hindi
Expert
Arabic
Intermediate

Hobbies

  • Swimming and adventurious travel
    Entrepreneur of the year awarded by the broad cast industry, for Technosat.