Anvesh Desai
CA
GIFT City
Summary
Dynamic manager with extensive experience at Ernst & Young, specializing in regulatory compliance and strategic planning. Proven track record in building high-performing teams and enhancing operational efficiency. Skilled in policy implementation and relationship building, driving innovative solutions that significantly improved client satisfaction and project outcomes.
Overview
14
14
years of professional experience
3
3
Languages
Work History
Manager
Ernst & Young
GIFT City
09.2023 - Current
- Advised many clients on inbound and outbound investment structuring for setting up in GIFT IFSC from a tax and regulatory perspective, including direct tax, indirect tax, and IFSCA regulations.
- Assisted a wide range of clients in setting up a presence in GIFT IFSC.
- Provided comprehensive tax advisory, including IFSC taxation, international
taxation, domestic tax positions, evaluation of DTAA benefits, GAAR / MLI exposures and transaction-based analysis. - Extensively contributed to the tax and regulatory representations to the Ministry of Finance, the Reserve Bank of India, the IFSCA, and the GIFT City Authorities.
- Assumed responsibility as the Compliance Officer of the EY IFSC Branch from the IFSCA Regulations perspective.
- Assumed responsibility as Principal Officer as per the IFSCA (Anti-Money Laundering, Counter Financing of Terrorism, and Know Your Customer) Guidelines, 2022.
- Developed AML/CFT/KYC policy for EY IFSC Branch to ensure compliance with the IFSCA (AML/CFT/KYC) Guidelines, 2022.
- Built high-performing teams through effective recruitment, onboarding, and talent development initiatives.
- Developed a strong company culture focused on employee engagement, collaboration, and continuous learning opportunities.
- Led cross-functional teams to achieve project goals, fostering collaboration and innovation.
- Facilitated team brainstorming sessions that led to innovative solutions for long-standing operational challenges.
- Managed and motivated employees to be productive and engaged in work.
- Accomplished multiple tasks within established timeframes.
- Established performance goals for employees and provided feedback on methods for reaching those milestones.
Senior Consultant
Ernst & Young
Ahmedabad & Pune
01.2017 - 09.2023
- Devising and implementing strategies w.r.t. 50+ large projects for optimizing capital investment from Govt. policy and tax regulations perspective
- Critically evaluating the capital investment project regulations perspective to identify risk area including providing risk weightage
- Analysing large capital investments and advise clients basis return on investment, project internal rate of return, cash flow analysis, present value and future value of investment and revenue cash flows, equity & debt proportion etc. to estimate project economics.
- Estimating the fiscal and non-fiscal benefits accruable to the State Government out of the capital investment of the project
- Advising the State Governments in framing industry support policies and guidelines to encourage investments in sectors like Aerospace & Defense, Renewable Energy, Industrial Manufacturing, Automobile & Ancillaries, IT/ITeS, and electronic items etc.
- Driving effective interpretation of Government Policies, including preparation of representations to Government of India on various policy matters involving industry issues.
- Mentored junior consultants, helping them enhance their skills and contribute more effectively to projects.
- Prioritized projects and project tasks depending upon key milestones and deadline dates.
- Troubleshot issues by understanding issue, diagnosing root cause and coming up with effective solutions.
- Collaborated with internal teams to develop customized solutions that addressed unique client needs.
- Built strong relationships with clients through consistent communication and proactive problem-solving efforts.
- Developed innovative strategies to address complex business challenges, resulting in increased profitability for clients.
- Delivered high-quality solutions for clients through comprehensive research and analysis of industry trends.
- Streamlined project management processes, improving efficiency and reducing overall costs.
- Presented findings and recommendations to executive-level stakeholders, effectively communicating key insights and action plans.
- Evaluated clients' needs and created plan of action to provide solutions.
Senior Executive Consultant
KPMG International
Ahmedabad
02.2014 - 01.2017
- Advised various multinational clients from Indirect Tax viz. Services Tax, Value Added Tax, Central Sales Tax etc.
- Analyzed judicial precedents, regulatory amendments to upskill and deepen fundamentals of Indirect Taxes.
- Led cross-functional teams to successfully complete complex projects on time and within budget constraints.
- Conducted thorough market research to identify emerging trends and potential areas of expansion for clients.
- Enhanced overall client satisfaction levels by consistently delivering high-impact results and maintaining a strong commitment to exceeding expectations.
- Identified cost-saving opportunities through comprehensive financial analysis, leading to significant reductions in operating expenses for clients without compromising service quality or delivery timescales.
- Built strong relationships with key stakeholders, fostering collaboration and generating new business opportunities.
Assistant Manager
Deloitte Haskins & Sells, Chartered Accountants
Ahmedabad
07.2012 - 01.2014
- Developed Standard Operating Procedures (SOPs) around business processes
- Reviewed and optimized end-to-end business processes for mid-size to large size multinational corporations engaged in Engineering Industry and FMCG Industry
- Reported vital/ critical observations in the audit reports resulted in cost reduction and generated additional revenue
- Identified process and implementation gaps and suggested improvement & corrective actions to optimize processes
- Created Audit Committee Presentations and assisted Partner/ Manager during audit committee meetings
Education
Chartered Accountant - Financial Accounting, Audit & Tax
ICAI
New Delhi, India 04.2001 -
Master of Commerce - Financial Accounting
Gujarat University
Ahmedabad, India 04.2001 -
Bachelor of Commerce - Financial Accounting
Gujarat University
Ahmedabad, India 04.2001 -
Skills
Team leadership
Strategic planning and Decision-making
Business development
Policy formulation and implementation
Multitasking Abilities
Adaptability and flexibility
Complex Problem-solving
Stakeholder management
Regulatory compliance
Cross-functional team management
Effective communication
Analytical thinking
Interpersonal skills
Training and development
Timeline
Manager
Ernst & Young
09.2023 - Current
Senior Consultant
Ernst & Young
01.2017 - 09.2023
Senior Executive Consultant
KPMG International
02.2014 - 01.2017
Assistant Manager
Deloitte Haskins & Sells, Chartered Accountants
07.2012 - 01.2014
Chartered Accountant - Financial Accounting, Audit & Tax
ICAI
04.2001 -
Master of Commerce - Financial Accounting
Gujarat University
04.2001 -
Bachelor of Commerce - Financial Accounting
Gujarat University
04.2001 -