Smita Shetty Email and Phone Number
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I am a Co-founder and Director of Strategy & Growth at Finansys, a Financial Advisory company in India. With over 12 years of experience as a Management Consultant and Chartered Accountant, I have extensive knowledge and skills in strategic sourcing, category management, and business transformation, as well as certifications in IFRS, CIMA, and Six Sigma Black Belt.My mission is to deliver value-added solutions to clients across various sectors, with a focus on the MENA region, where I have led transformative projects worth over AED 1.2 billion, achieving significant cost savings, operational efficiency, and process improvement. Leveraging my Six Sigma skills, I drive sustainable and innovative business practices, enabling businesses to adapt and thrive in dynamic landscapes. I am passionate about enhancing business performance and customer satisfaction.
7Scalespectrum
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- 7scalespectrum.in
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- 1
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Growth Accelerator7Scalespectrum Nov 2023 - PresentMumbai, Maharashtra, IndiaLed strategic initiatives, driving development of a sustainable revenue model to optimize operational efficiency & scalability and introduced innovative templates to automated critical processesOrchestrated the creation of the company's website and LinkedIn page, strengthening its digital presence and market positioning.Played a key role formulating templates for investor reporting, internal monitoring, and in-depth stock analysis.Provided strategic consulting to a… Show more Led strategic initiatives, driving development of a sustainable revenue model to optimize operational efficiency & scalability and introduced innovative templates to automated critical processesOrchestrated the creation of the company's website and LinkedIn page, strengthening its digital presence and market positioning.Played a key role formulating templates for investor reporting, internal monitoring, and in-depth stock analysis.Provided strategic consulting to a range of clients, including an emerging healthy snacking Indian co. and Egyptian beverage co., focusing on process optimization and financial operating models respectively. Show less -
Procurement And Supply Chain ExcellenceEfficio Sep 2022 - Oct 2023Dubai, United Arab EmiratesExplosives Sourcing and Negotiation:Led the strategic sourcing initiative for explosives, encompassing multiple high-value projects.Engaged in detailed negotiations with major suppliers, including Modern Chemicals and Saudi Chemicals. This involved critical analysis of Ammonium Nitrate pricing trends, S&P forecast trends, and extensive evaluation of pricing formulas.Identified savings of 40 million SAR through meticulous review of Prillex and Kemulex pricing.Performed… Show more Explosives Sourcing and Negotiation:Led the strategic sourcing initiative for explosives, encompassing multiple high-value projects.Engaged in detailed negotiations with major suppliers, including Modern Chemicals and Saudi Chemicals. This involved critical analysis of Ammonium Nitrate pricing trends, S&P forecast trends, and extensive evaluation of pricing formulas.Identified savings of 40 million SAR through meticulous review of Prillex and Kemulex pricing.Performed in-depth analysis and developed negotiation strategies for Ammonium Nitrate Fuel Oil (ANFO), enhancing procurement efficiency and cost-effectiveness.Mining Services Sourcing and Analysis:Oversaw the sourcing of mining services, emphasizing quality and compliance.Performed market analysis, RFP review, and pricing formula assessment, forecasting future price implications and ensuring contractual fairness.Developed cross-functional teams and negotiation strategies, establishing baselines for internal strategy and addressing non-compliance issues in indexation formulas.Utility Company Process Improvement and Piloting:Conducted a comprehensive review of capital assurance processes, identifying key gaps such as lack of cross-functional planning, unified cost intelligence, and governance in cost estimate evolution.Designed and implemented streamlined processes, introducing Category Management tools for enhanced strategic engagement and visibility.Established a Unit Cost Database as a central repository, ensuring precise cost estimation and sustainable practices.Co-developed tender strategies and market approaches for projects totaling approximately AED 1.2 billion, focusing on cross-collaboration and category management role development. Show less -
Senior Manager - TransformationProtiviti Middle East Member Firm Jan 2022 - Sep 2022Dubai, United Arab EmiratesI have led Transformation projects wherein my role was to understand the current operating model, conduct business and data analysis, perform SWOT & PESTLE to identify the challenges and benchmark with the leading practices and design the Target Operating Model and highlight the synergies, cost savings, risks with mitigation plans, FTE requirement based on the benchmarked entities.I have managed large scale projects as a Project Manager with cross functional teams and ensured the… Show more I have led Transformation projects wherein my role was to understand the current operating model, conduct business and data analysis, perform SWOT & PESTLE to identify the challenges and benchmark with the leading practices and design the Target Operating Model and highlight the synergies, cost savings, risks with mitigation plans, FTE requirement based on the benchmarked entities.I have managed large scale projects as a Project Manager with cross functional teams and ensured the timelines and quality of deliverables have been achieved. I was responsible to lead the business process re-engineering engagements that includes identifying gaps and improvements to the business processes as well as providing recommendation and designing the desired state through benchmarking, market research, setting up and revising policies and procedures, and preparing Implementation Road Maps for various entities in UAE, KSA, Oman, Qatar.I was responsible for setting up the Governance and Compliance Function of one the major utility company in UAE which included development of Governance Framework, Functional Target Operating Model. Departmental Structure, Functional responsibilities, Key performance indicators to achieve the departmental objectives and embedded the continuous improvement . I was responsible for developing Delegation of Authority for multiple entities, wherein my role included conducting a thorough analysis of the spend and defining threshold, assigning prepare, review, consult and approve to the respective designation after ensuring compliance to various laws, regulations, standards and Board resolutions. I have led a benchmarking exercise for a leading Free zone authority wherein my role included conducting mystery shopping and survey to provide insights on the transparency and ease of the licensing fees. Further we benchmarked both regionally and globally to identify the cost of registration after normalizing with the standard of living and taxation. Show less -
Manager - TransformationProtiviti Middle East Member Firm Oct 2019 - Dec 2021Gcc -
Assistant Manager - Risk Consulting, Advisory And Internal AuditProtiviti Middle East Member Firm Oct 2018 - Sep 2019Uae• Conducted Risk assessment across all functions for various entities and developed a risk based Internal Audit Plan for 3 years.• Independently carried out various internal audits such as Finance, HR, Procurement, Facility Management, Business Development, Government/Registry Services, Strategy, Marketing, Sales, Operations etc. across industries and was responsible for presenting the Report to the management and agreeing on the risk and recommendations highlighted.• Conducted Finance… Show more • Conducted Risk assessment across all functions for various entities and developed a risk based Internal Audit Plan for 3 years.• Independently carried out various internal audits such as Finance, HR, Procurement, Facility Management, Business Development, Government/Registry Services, Strategy, Marketing, Sales, Operations etc. across industries and was responsible for presenting the Report to the management and agreeing on the risk and recommendations highlighted.• Conducted Finance audit for an app-based Start-up which had its business in 54 cities in the MENA and Asia, wherein observations pertaining to access rights configuration, revenue leakage of $4.5M were identified. Further through a detailed analysis of the data, loopholes on incentive/referral/promo code programs were identified and reported. Show less -
Senior Consultant - Internal Audit And Risk AdvisoryProtiviti Middle East Member Firm Oct 2017 - Sep 2018Uae -
Consultant - Internal Audit And Risk AdvisoryProtiviti Middle East Member Firm Oct 2015 - Sep 2017United Arab Emirates -
Associate Consultant - Internal Audit And Risk AdvisoryProtiviti Middle East Member Firm Apr 2015 - Sep 2015Dubai, United Arab Emirates -
InternConsultifrs.Com Aug 2014 - Oct 2014Assisted in first time implementation of IFRS by Indian Companies for projects in Construction, Manufacturing and Banking (NPA) Sectors
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Assistant Manager Tax And ComplianceLloyd'S Register Mar 2014 - Aug 2014AndheriAssisted in the evaluation of internal control for various business lines (Marine, Energy & Quality Assurance) in the organisation where the scope included identifying risks & key controls, evaluating the design and operation effectiveness & verifying the basis of revenue recognition for projects in accordance with the Indian Accounting Standards;Coordinated closely with tax consultants for Advance Pricing Agreement (APA) submissions and external auditors during the Statutory… Show more Assisted in the evaluation of internal control for various business lines (Marine, Energy & Quality Assurance) in the organisation where the scope included identifying risks & key controls, evaluating the design and operation effectiveness & verifying the basis of revenue recognition for projects in accordance with the Indian Accounting Standards;Coordinated closely with tax consultants for Advance Pricing Agreement (APA) submissions and external auditors during the Statutory Audit.Further designed and developed stage wise process (templates) for quick reference during service tax and VAT payments. Show less -
Tax AccountantLloyd'S Register Apr 2012 - Mar 2014Mumbai Area, India -
Executive-Audit, Taxation And AccountsY R Shetty & Company Apr 2011 - Feb 2012Engaged in various internal and external audit assignments which enabled me to understand the accounting and internal control system of different companies. The scope involved preparation of process understandings, Risk Control Matrix, Test Plans to determine the operating effectiveness of controls;Involved in the VAT registration, calculation and payment of VAT, quarterly filing of VAT returns for various client
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Article AssistantY R Shetty & Company Sep 2007 - Mar 2011Bandra
Smita Shetty Skills
Smita Shetty Education Details
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Chartered Accountant -
The Chartered Institute Of Management AccountantsManagement Accounting -
AccaDiploma Ifrs -
H R College Of Commerce & EconomicsBachelor Of Commerce
Frequently Asked Questions about Smita Shetty
What company does Smita Shetty work for?
Smita Shetty works for 7scalespectrum
What is Smita Shetty's role at the current company?
Smita Shetty's current role is Management Consultant| Chartered Accountant| Black Belt Lean Six Sigma|Global Ranker CIMA.
What is Smita Shetty's email address?
Smita Shetty's email address is sm****@****iti.com
What schools did Smita Shetty attend?
Smita Shetty attended The Institute Of Chartered Accountants Of India, The Chartered Institute Of Management Accountants, Acca, H R College Of Commerce & Economics.
What skills is Smita Shetty known for?
Smita Shetty has skills like Auditing, Ifrs, Financial Analysis, Transfer Pricing, Process Improvement, Incorporation Of Company, Indirect Taxation, Direct Tax, Statutory Compliances, Microsoft Office, Audit Co Ordination, Benefit Cost Analysis.
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