Shailesh haribhakti biography of michael

My CA journey was not easy, but I gave it my best at every step.

Shailesh haribhakti biography of michael: Shailesh Haribhakti practicing Chartered Accountant Managing

I also got married to my lovely wife Amita in while pursuing my career — Yes, I was only 21! InI qualified as a Chartered Accountant and Cost Accountant with all India ranks… this was such a proud moment for my family: all my efforts paid off! And the best part was I was going to be reporting to the most iconic Mr. P R Bhoopatkar! I was super excited however around the same time, my dad became the President of the Indian Merchants Chamber and I had to fill in his place at his firm!

But here is an unusual start to my journey — I started as a virtual CEO. Though it seemed like an exciting opportunity to be a CEO at 22it was terrifying as I was responsible for running the entire firm, with the guidance of my dad of course! At a small turnover, about INR 5 lakhs per annum approx USD 10Ka whole lot of small assignments needed to be performed for demanding clients.

There were no hierarchiesand everyone worked as a team member. This cultural glue held all of us together. In hindsight, the responsibility at such a young age shaped me significantly, it was a year of significant learning and growing! Pesi Narielvala and Mr. AC Chakraborty. Well-known CAs back then! During my 14 months in the US, I participated in the transition to computer-driven auditing and even studied to be an internal auditor.

The entire exposure transformed me and it was shailesh haribhakti biography of michael that I fell in love with auditing. Since then, there has been no turning back. Once I came back from the US, my dad focused on tax and he allowed me to focus on audit, consulting, valuation, investment banking, governance, and digitalization. In the first five years of practice, we set out to diversify into a full-service firm through aggressive hiring.

We provided an array of new services and reached our first significant milestone in terms of the revenue size of our practice INR 1 crore per annum approx USD K. FromI also took up a visiting professorship at the world-renowned Indian Institute of Management at Ahmedabad IIM-A I simultaneously took up various professional leadership roles while expanding our firm.

My successful parents were always a force of encouragement and inspiration. They admired my hard work, and I loved their raising the bar for me. My wonderful wife Amita and my two lovely children, Sejal and Tarun were so understanding of this phase of my life. Amita took the entrepreneurial path too by running a successful travel agency. We enjoyed the exhilaration of twin activities, socializing, and networking.

Somewhere in the year a lot of other service lines like systems and procedures documentation, ISO consulting, strategic advice, turnaround management, structuring, global sustainability, integrated reporting, and governance were evolving and sprouting up all around us. I started thinking of taking Haribhakti to a new level altogether and in waves of innovation, we established system-based internal auditing, fraud investigation, financial planning, valuations, forensic auditing, mergers and acquisitions support, cybersecurity, and many other related services.

When all was going well, life took a turn when my health gave in and I had to undergo bypass surgery at the early age of I complied with the warnings of my family and the Almighty, delegated extensivelyshed the hectic workload, and decided to focus on my health. I followed a disciplined regimen of exercise, a healthy diet, yoga, meditation, and stress-free living which got me back on the rails.

In hindsight, the surgery was a wake-up call. I always sought and found new areas of practice and built my identity on the platform of innovation. Every subject I would handle would be five years ahead of its time. We were growing exponentially, but without an international brand, it was increasingly challenging to attract the best talent and larger clients.

There was an increase in competition and the massive investments demanded from accounting firms in terms of IT systems, people and infrastructure pushed us to have an international partner. We entered the first year of our affiliation with BDO at a modest turnover but grew rapidly in five years since The practice increased to over 1, people and 20 offices with a mix of exceptional clients.

Our empowered teams accomplished all this. A few years later, came the phase of actual divestment and the tie-up with D B Desaiwho was mainly responsible for the Baker Tilly relationship. I am happy that I found Dilip Desai to take over the practice. Today, I am fully engaged in governance, advisory, and consulting roles. I also get to spend quality time with my family and friends.

But for professionals starting out now, all I can say is — The sky is the limit as technologies converge. All my management concepts and governance evolution have a base in my essential being as an auditor. Do I regret anything? Of course not. To regret or diminish any past action is not part of my DNA. I build on experience and keep moving ahead.

However, some lessons learned as below:. The Almighty and my wife have guided and inspired me through every tough challenge. I consider myself merely an instrument in all I do. Be happy, be engaged, and be a lifelong learner. Consistently innovate, network, travel, think wisely, exercise regularly, and keep expanding your knowledge. That is the best way to change the world and contribute to it.

The biggest lessons I learned in my life were mastering the art of delegation and building trust — they always pay off. He is a well-known thought leader in the Indian Economy and Public Policy. Your email address will not be published. India is on the shailesh haribhakti biography of michael of becoming a global power and with rising opportunities, we want you to play an important role in India's growth journey.

That is why we started The Finance Story. We are a career-focused media platform that helps mid to senior-level finance professionals advance in their careers and businesses, discover unexplored possibilities and stay ahead of the rest in the digital era. The Finance Story big goal for and is to host "community and conversation-driven offline events" focused on peer learning and networking.

Join our WhatsApp Community to stay connected and thrive! Remember Me. TFS Gulf. Login Register. Book session with industry experts! Published date: 7th December, Last edited date: 17th August, SHARE Share on Facebook Share on Twitter. A transformational leader par excellenceMr. Shailesh Haribhakti needs no introduction. During the recently held Fireside Chat hosted by Celerity, Mr.

Haribhakti as he offered his inspirational insights on topics ranging from governance, sustainability, technology, and the bright future that India is yet to witness. I work extremely hard even today. It is not unusual for me to keep 16 hours workday. It was my Maths teacher in the early years who had once remarked to my mother that he may not be the most brilliant student in my class, but he works so hard that he makes up for what he lacks in terms of dazzling brilliance.

I have always kept that warning in mind and therefore coming first is not something that I plan to do. It just happens. There have been many occasions when I am not first as well. For example, I did not get the first position in the CA examination, which will be a lifelong disappointment for me. You should go at it as the opportunity arises.

It is like a data set. But as soon as I got curious about it, I listened to multiple hours of video on it and today I can fluently speak about it. What comes naturally to me is to be a learner. In whatever role I can learn more through exposure to people who are brighter and better than me and that happens at my role as Board Chairman very often.

Today Board Members are so much more knowledgeable, wise, and full of ideas. I learn a lot from them. Equally in the field of ESG, every day I live and learn. Take the case of having to produce EV vehicles or windmills or take the case of just simply making sure energy transition to hydrogen, all these need metals that are in short supply and Copper being one of them.

All this is supply chain and all it needs is technology and time to overcome. We have three pathways. India is a blessed country in terms of natural resources. It is also blessed in terms of sunlight, and we also have wind so that we can generate sustainable, economically viable quantum of power from all the natural resources. Good news for India is that the cost per unit for generating solar and wind power has fallen below the cost of generating fossil fuel-driven unit of power and that is an inflection point, which is going to lead us to becoming the country which does a very rapid energy transition.

We can bring in converging technologies into our manufacturing. We can distribute what we produce in a way that it becomes affordable at low per capita income, and we can do it in a clean and lean way. We have this opportunity to create a fresh ecosystem, which other countries may not have the opportunity to do because of the stranded assets, which would arise as you work towards transition and make the change.

It could be of such a large magnitude that they would gawk at it. It is very critical.

Shailesh haribhakti biography of michael: This blog, written by

It is so true and relevant. The path to below two degrees Celsius lies through India and China. These are the two large highly populated nations on Earth. India and the Anthropocene Epoch, the extent to which we needed to take out from the mother Earth, was at an extremely high level. We have now learnt how to get back towards Clean Tech.

Shailesh haribhakti biography of michael: Shailesh Haribhakti [GCB.D] excels in multiple

China is way ahead. They have discovered the holy grail much ahead of us. They have integrated supply chains. They are the Manufacturing Hub of the World. They have adopted technology. They have the means to obliterate all cash dealings in their economy. They have got enough infrastructure to do that. We need to build up to it. The good news is that we are at a midpoint in this evolutionary process and now we need to accelerate.

GovEVA was initiated by the inspiration of Mr. He had this driving desire to create a platform which would make sure that governance, social responsibility, and environmental stewardship could happen in a single integrated platform. Then Mr. J Dalal joined us in this mission and three of us decided to start. Five years ago, we set out on this journey.

It took us two years to get our platform for governance ready and now we are working to anoint that platform with the social responsibility and environmental stewardship angle. Hopefully, within months, we should be able to give the world its first automated platform, which will enable them to get on to the ESG path in a facile way.

What is helping us is that the whole world is getting uniform. All these initiatives are happening in the US. Then we have the sustainability standards getting established in the UK to harmonize the way the measurements of all these impacts will be. When we have access to all of that, we need to integrate all the aspects and bring to the world a unified metric that will set out to achieve the desired objective.

We are still focused on adding economic value. This is something that we wrestle with so often. What has happened is, as the human race has made more and more discoveries of string theories, metaverses, the beginning of life, big bang, they have been able to relate it back to the original force, which kept sustaining things.