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A global CEO managing for success by optimising every stage of the business value chain. Fuelled by a vision to build brand equity by driving trend-setting innovation and business transformation in an evolving industry. Recognized for strengths in strategic planning, brand development, change management, business process improvement, talent development and leadership of sales, manufacturing, operations, and finance teams.
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Chief Executive OfficerKarp Jewellery Jan 2017 - PresentHong Kong, Kowloon, HkBUSINESS TRANSFORMATION► Developed an ERP system to integrate CRM, supply chain management, manufacturing, and inventory management systems with groupwide sales, marketing, and financial systems, boosting productivity by providing anywhere/anytime access to business performance indicators.► Implemented best practice profitability and KPI benchmarking across the company.► Drove a 50% improvement in manufacturing lead times by establishing just-in-time/lean manufacturing principles. ► Slashed capital costs by 60% by optimising inventory controls and introducing a dashboard-based inventory management system.► Directed a project to systematise and integrate undocumented business practices to enable a data-driven approach in analysing previously unmeasured processes and procedures. BRAND STRATEGY / M&A► Crafted brand strategies for designs with global business partners to position KARP with a younger demographic, leading to a 10% increase in wholesale channels.► Conceptualised a flagship product line, The OPTICA Series, a collection of optical patterned diamonds made possible by acquiring a Japanese technology company’s intellectual property and design and process patents.BUSINESS DEVELOPMENT / SALES LEADERSHIP / MEDIA RELATIONS► Instilled a data-driven approach to managing the development of sales strategies, empowering the sales team to deliver on new product and market opportunities.► Increased annual trade show and conference participation by 250% leading to substantial new business revenue.► Lead as the voice of the company in the trade media to build brand awareness and generate positive coverage.RISK MANAGEMENT► Optimised profit margins by implementing biweekly dynamic pricing to minimise inventory risks related to commodity price fluctuations. ► Initiated management reviews to address geopolitical/economic volatility in the luxury goods market through risk assessment, competitive intelligence gathering, and financial analysis. -
Chief Operating OfficerHini Star Ltd. Mar 2014 - Present -
Operations ManagementHini Star Ltd. Mar 2012 - Mar 2014 -
DirectorKarp Group Mar 2014 - Dec 2016 -
Management TraineeKarp Group Dec 2010 - Feb 2012
Smit Virani Skills
Smit Virani Education Details
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Wharton OnlineIntroduction To Financial Accounting -
Yale UniversityGeneral -
Harvard Business School Executive EducationGia Global Leadership Program -
Regent'S University LondonGlobal Business Management -
Regent'S University LondonGeneral
Frequently Asked Questions about Smit Virani
What company does Smit Virani work for?
Smit Virani works for Karp Jewellery
What is Smit Virani's role at the current company?
Smit Virani's current role is Chief Executive Officer at Karp Jewellery.
What is Smit Virani's email address?
Smit Virani's email address is sm****@****ail.com
What schools did Smit Virani attend?
Smit Virani attended Wharton Online, Yale University, Harvard Business School Executive Education, Regent's University London, Regent's University London.
What skills is Smit Virani known for?
Smit Virani has skills like Bespoke Diamond Manufacturing, Business Strategy, Jewelry, Luxury, Luxury Goods, Marketing Strategy, Retail, Watches, Apparel, Merchandising, Fashion, Brand Management.
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