1. Name: Rakesh Mistry Membership Number: 045138
Category: CFO
Sub-Category: Information Technology
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CFO – Elitecore Technologies (P) Ltd Group

2. Turnover (Sales) of the Company in Rupees:
INR Crore (Group’s Consolidated Revenue FY )
Net worth of the Company:
INR Crore (Group’s Consolidated Financials FY )
Market Capitalization of the Organization: N/A
Note: Please give details of the company where the person is located. For CA Business Achiever or CFO where person is handling multiple companies within a group, please give composite details of all companies under the domain of nominee. Details of Individual companies may be given separately. The applicants of CA Professional Achiever should give details only of the company where they are working.

3. KEY ROLE IN THE ORGANIZATION
Enhancing shareholder’s value by
Managing and controlling financial and business risks
Raising required funds for the business
Best utilization of available resources
Contributing in Strategic decisions
Restructuring of the company into two Global IT businesses - Telecom Practices and Network Security (Cyberoam)
Cyberoam is the network security division of Elitecore with UTM and other security products for SMBs, enterprises and SOHO sector. It has market presence across 125 countries with more than 20% market share in India and Significant market share in APAC and Middle-East
Elitecore – Telecom Practices provides next-generation OSS/BSS solutions for leading Telcos , it has 65+ global Tier 1-Tier 3 operators.
Played key role in helping Elitecore break into Top 200 IT companies in India according to DataQuest Annual survey, 2012.
Implementing best business and financial practices
Implementing fool-proof system for compliance to all required applicable laws
Implementing Corporate Governance

4. MAJOR ACHIEVEMENTS
Has enabled the Group to unlock the value of two businesses viz. Telecom Practice and Cyberoam by way of Demerger through High Court tax neutral process _ Lead role
Has decided the capital structure which suits the requirements of the both companies
Completed the procedure in less than six months time by getting 100% consent from creditors, customers and shareholders
Has performed sponsor role SAP (lead role) implementation with following KPIs:
Real time process of sales order for Cyberoam software subcription keys in less than one minute without any human intervention so as to create competition edge in the global market
Consolidated countrywide/regionwise profitability for more than 125 countries.
Successful completion of self due diligence on compliance of “Foreign Corrupt Practice Act (FCPA), USA by KPMG –Lead role
Awarded the CFO100 Roll of Honour 2012 for his outstanding contribution in the Cost Management.

5. MAJOR ACHIEVEMENTS
Sanctioned a total of Rs. 30 cr fund based and non fund based limits for the group and unsecured Forex limits of USD 23.3 million forward contracts amount – Lead role
CFO has taken a lead role in negotiating and finalizing contracts worth USD 10.7 million with Mauritius Telecom – the highest value contract in the history of Elitecore
CFO has taken decision to open warehouse in Taiwan Free Trade Zone so as to save freight cost from Taiwan to USA, which has resulted in increase of EBIDTA by more than 8%.
Has initiated the exit process for Private Equity fund. As of now, final discussion on Share Purchase agreement is going on. – lead role
Development & Implementation OF BEST BUSINESS AND FINANCIAL PRACTICES
Implementing corporate governance like of listed company (refer note ___)
Management of various financial risks – decision make role
Note- Please specify exact role whether the achievement is as a member of team or team leader or in any other capacity.