Prashant Goenka

Prashant Goenka Email and Phone Number

Group CFO at NephroPlus | Strategic Leader | Ex- HSBC, Bank of America and JP Morgan Chase @ NephroPlus
hyderābād, telangana, india
Prashant Goenka's Location
Hyderabad, Telangana, India, India
About Prashant Goenka

In his current role as Group CFO and Head of Procurement and Supply Chain at Nephroplus, Prashant will spearhead strategic finance initiatives, both domestically and internationally. His responsibilities will encompass running the day-to-day CFO responsibilities, while driving strategic focus to expansion efforts through mergers and acquisitions, enhancing Return on Capital Employed (ROCE), and fortifying our finance systems and capabilities. Prashant brings two decades of leadership experience across various divisions at major global corporations such as HSBC, JP Morgan Chase and Bank of America working across different geographies in the USA, Philippines and India. His experience includes coordinating upto US$100M+ budgets for multinational business units with upto 4500+ staff. He has successfully built new operating models and business across geographies by addressing cultural, business practices, regulatory regimes under especially challenging situations, thus giving him a unique insight into scaling and growing a commercial enterprise across multiple cultures and geographies and relishing the opportunity to align commercial process to Board-mandated objectives.In terms of personal style, Prashant has the reputation of being tough with a strong sense of fairness and transparency. He has successfully worked across multiple cultures in Global roles. In addition, he has strongly reinforced the highest degree of values and ethics in every team that he has led. His legacy has consistently been high-performing teams and enduring relationships. He brings a strong sense of “systems based” thinking and rapidly bring structure, accountability and innovation to drive commercial orientation to the business.

Prashant Goenka's Current Company Details
NephroPlus

Nephroplus

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Group CFO at NephroPlus | Strategic Leader | Ex- HSBC, Bank of America and JP Morgan Chase
hyderābād, telangana, india
Website:
nephroplus.com
Employees:
485
Prashant Goenka Work Experience Details
  • Nephroplus
    Group Cfo
    Nephroplus May 2024 - Present
    Hyderabad, Telangana, India
    In his current role as Group CFO and Head of Procurement and Supply Chain at Nephroplus, Prashant will spearhead strategic finance initiatives, both domestically and internationally. His responsibilities will encompass running the day-to-day CFO responsibilities, while driving strategic focus to expansion efforts through mergers and acquisitions, enhancing Return on Capital Employed (ROCE), and fortifying our finance systems and capabilities.
  • Hsbc Holdings Plc
    Coo - Retail Credit Operations (Multi-Geo Role) | Hsbc Global Service Center
    Hsbc Holdings Plc Feb 2013 - May 2024
    Hyderabad Area, India
    Built HSBC’s global offshore capability in risk operations areas like Underwriting, Collections and Fraud Operations. Lead a team of 4000+ FTE comprising Underwriting, Collections, Fraud Operations, Data & Decision Science teams with a $100M P&L across operating centres in India, Philippines, China, Malaysia, Sri Lanka, Egypt, and Poland.
  • Bank Of America
    Senior Vice President Executive, Treasury Fulfillment & Servicing Operations
    Bank Of America Apr 2011 - Feb 2013
    Chicago
    - Responsible for leading a major strategic program within the Global Fulfillment and Servicing Organization- Manage $40M budget- Craft and manage overall Self-Service and Straight-Thru-Processing multi-year strategic direction- Coordinate global stakeholder program and provide input to overarching governance routines- Joined Retail Consumer Lending organization at the inception of one of the largest risk management and business transformation journey. Part of the leadership team responsible for building a high performance team with focus on the following areas: - Drive the assessment and redesign of end-to-end control environment - Facilitated the creation of risk control framework - Led the execution of the framework by operationalizing the quality control operating model - Led flagship projects to drive risk management efforts in the area of Robosigning, Credit Reporting and other mortgage default Operations space
  • Hsbc
    Director, One Hsbc Program Management Office
    Hsbc Oct 2009 - Apr 2011
    Joined the largest program in HSBC to facilitate a global transformation effort to join-up the bank around common processes, technology and operating model. The role is to implement consistent governance across the program to facilitate effective and commercial management of $1 billion annual investment Notable Accomplishments: Facilitated the development of a tollgate-based methodology to govern the program and drive more commercial orientation Develop the infrastructure (tools & processes) and structure (executive sponsors, steering committee) to operationalize the governance
  • Hsbc
    Senior Vice President, North America Business Transformation
    Hsbc Jul 2008 - Mar 2010
    Joined at the inception of its transformation journey and was assigned the responsibility to build and lead the Transformation Command Center – a team of 10 people across US. The main objective is to centralize support areas by aligning with the global operating model, enabled by global process & system platforms and supported by global capability model.Notable Accomplishments:> Facilitated the Senior Leadership Strategy Session to develop the future organization design and tactical imperatives for North America Transformation.> Program Management Support to facilitate the execution of the vision set during the strategy session. Key activities included centralization through an extensive selection process, transition to a call center based model.> Developed the “to-be” core processes by providing the core methodology and managing the global process reengineering team comprised of more than 100 representatives from 20 countries.> Build cutting edge frameworks, playbooks and methodologies in the areas of process reengineering, operating model, capability assessment, regional deployment, change management, offshoring, centralization, legal entity transfer, governance, voice of customer and benchmarking. > Facilitated the reduction of budget by $37M in 2008. Over the five year journey, the program is on track to achieve:o $200M in cumulative benefitso Increase offshore penetration from 7% to 37%. o Increase onshore FTE ratio (efficiency ratio) by 109%
  • Hsbc
    Director, Special Projects
    Hsbc Jan 2008 - May 2008
    Led an internal consulting effort to develop a recommendation on consolidating the mortgage servicing platforms. Notable Accomplishments:Developed scenarios to consolidate systems and operating environment that creates scale, leverages CoEs and produce $50MM+ annual operating saves. Led a cross functional team of over 100 individuals from the business, technology and vendors to analyze the gaps in the proposed vendor choices. Conducted survey of the management team to develop point of view (PoV) on the servicing platform. In the PoV, discussed two critical questions in the business, namely the role of the servicing platform in enabling the changes in the business strategy and consolidation of the operating environment. Conducted extensive road shows across US to demo the available system choices to the operators and to obtain greater engagement and buy-in at the line-level. Established a tight governance process with membership from senior leadership team to drive faster decision making and completion of consulting effort within three months
  • Hsbc
    Director, Global Resourcing - Strategy & Planning
    Hsbc May 2006 - Jan 2008
    Based on the success in the Six Sigma role, I was promoted to report directly to EVP, Business Transformation – CML to lead the offshore strategy creation for CML.Notable Accomplishments: > Developed strong governance process to work closely with the senior management to develop an overarching offshoring strategy. This enabled clearly defined strategy, roadmap and accountability to achieve the offshoring goal. > Developed new frameworks and methodology to drive assessment and scoping of offshore opportunities, thus successfully completing the first Finance and Servicing Analytics offshore migration. > Led a consulting effort with BCG to drive offshore consolidation strategy for the Servicing organization, resulting in $12M cost reduction. > The annual offshoring results significantly exceeded the scorecard goals. We achieved a 38% increase in offshore penetration – highest in the history of CML.
  • Hsbc
    Vice President, Six Sigma Group
    Hsbc May 2005 - May 2006
    Led multiple Six Sigma projects to successful completion. Coached several individuals in the application of Six Sigma tools through Six Sigma training and on-project mentoring. Developed strong communication, governance and financial tracking discipline to improve the brand value of the Six Sigma Group. Notable Accomplishments: > Program owner for the one of the largest Six Sigma effort in CML & HSBC Bank to implement the Remote Deposit Capture technology in the entire branch network, resulting in $7.7 M benefits > Project was considered to be poster child for collaboration between CML and Bank – an emerging concept at that time – and received multiple awards and recognition including nomination for Six Sigma Excellence award for Best Six Sigma project in Financial Services Industry > Completed five Six Sigma projects focused on operations performance improvements and benefits ranging from $1M - $5M > Partnered with the Corporate Finance to filter the Six Sigma projects through a rigorous financial validation process, achieving validation of $22M of financial benefits
  • Cna
    Six Sigma Black Belt
    Cna May 2003 - May 2005
    > Led an enterprise-wide, cross-functional Six Sigma project to design an automated process for surcharge collection, which increased the net operating income by $14.26M. Deliverables included the redesigned process maps, measures reporting capability and technological solutions. Received the “Most Result Oriented Individual Award” and “Platinum Focus Award” to recognize my leadership.> Led a cost-reduction project to improve the quality of reinsurance data that resulted in a one-time increase in operating income by $10 million. Delivered centralized database, redesigned processes, standards manual, process supporting tools, and measures reporting capability. Received “Most Valuable Player Award” and “Silver Focus Award” for being the most valuable player in a team of more than 1000 individuals.> Led the process initiatives related to a early phased of revenue enhancement project to implement the growth strategy in the “Small Business” segment. The goal is to grow the revenue in the “Small Business” segment from the current levels of $600M to $2B by 2007. Planned deliverables include redesigned process maps, operational guidelines, technological requirements & operational metrics.> Selected to be on the “SWAT” team that works on short projects that go after inhibitors of quality and productivity through process and technology improvements. > Responsible for defining business requirements on key technological initiatives related to policy processing systems.
  • Jpmorgan Chase
    Sr. Analyst
    Jpmorgan Chase May 1999 - May 2001
    > Rotation Program Candidate – Worked in several areas of the bank gaining strong operational grounding > Received professional recommendation letter from CEO of JP Morgan Chase, Asia Pacific for MBA application to recognize my strong contributions at JP Morgan Chase

Prashant Goenka Education Details

Frequently Asked Questions about Prashant Goenka

What company does Prashant Goenka work for?

Prashant Goenka works for Nephroplus

What is Prashant Goenka's role at the current company?

Prashant Goenka's current role is Group CFO at NephroPlus | Strategic Leader | Ex- HSBC, Bank of America and JP Morgan Chase.

What schools did Prashant Goenka attend?

Prashant Goenka attended The University Of Chicago Booth School Of Business, Birla Institute Of Technology And Science, Pilani, Birla Institute Of Technology And Science, Pilani, Birla Institute Of Technology And Science, Pilani.

Who are Prashant Goenka's colleagues?

Prashant Goenka's colleagues are Gajendra. N. G Yadav, Nikita Pimple, Mohammed Fahimuddin, Mohit Farakte, Sumit Kumar, Moulik , Cfa, Sadia Akhtar.

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