MANAGING PARTNER
Kavita Madani
Kavita Madani has many years of Global Experience in the field of Auditing and Accounting (US and Indian GAAP) including Tax, Risk and Control, Process Re-Engineering and Deep Domain Knowledge of the Banking & Financial Services Industry while possessing extensive knowledge of a variety of Financial Products and Services.
Having been associated with both, Global Audit Firm and a Global Bank, she possesses overall expertise and knowledge from a Consulting and a Large Corporate Industry perspective.
Audit & Consulting
Kavita Madani commenced her professional journey with a leading Auditing firm, S.R. Batliboi & Co. LLP (a member firm of Ernst & Young in India).
She has had the privilege of leading audit engagements and being an audit relationship manager for some of the well-known Foreign and Indian private sector banks in India; these included Citibank N.A, Barclays Bank PLC, ABN Amro Bank, Yes Bank Ltd, ING Vysya Bank Ltd, and DCB Bank.
She has executed audits under Indian GAAP and International GAAP for banks, asset management companies and investment advisory clients which included Statutory Audit / Limited Reviews, Tax and Transfer Pricing Audits, Preparation of Long Form Audit Reports and Statutory Certifications, Group Reporting for various Banks and Preparation of Comfort and Arrangement Letter for Qualified Institutions Placements of Equity Shares of publicly listed Indian Banks.
Her experience includes presenting to the Statutory Audit Committee the key financial highlights, findings and recommendations; Assisting clients with value ideas by providing quality solutions to improve their controls and procedures/ processes and guidance on recent pronouncements.
Her audit responsibilities involved planning, executing (performing audit) and conducting reviews with partners including leading the preparation of various proprietary checklists in Company Law, Banking Regulations, Audit Methodologies etc.
She also led training sessions/focused group discussions in department meetings on technical topics including interpretation of the latest notifications issued by the Reserve Bank of India with respect to banking regulations.
Banking & Finance
Following her association with S.R. Batliboi & Co. LLP (Ernst & Young), Kavita worked with one of the largest Global Bank, Citibank N.A. across multiple roles and geographies; these included Leading US Regulatory and Management Reporting for India franchise, Accounting Team Lead for APAC region and Leading Tax Accounting and Reporting for the India franchise.
As part of the different functions, she was responsible for all Management of Financial Reporting, Group Audits, and liaising with businesses for Accounting Advisory for existing and new Products.
She has expertise in banking business functions and their arrangements, business segment level analysis and decision making along with Business regarding accounting of business arrangements as per guidelines.
She was leading and responsible for the implementation of US Regulatory and Management reporting of the new standardized Global Reporting Finance system for India (one of the first two big countries to go Live in APAC).
Her role as Accounting Team Lead for APAC region gave her the opportunity to review business processes, controls and documentation for various accounting procedures and processes across Multi-Country / Multi-Entity operations and help centralise and standardise best practices after anticipating various accounting issues and providing technical solutions for business requirements. She also led the technical training program and knowledge base creation of different processes to increase efficiencies and enable savings through innovation in processes.
As the Tax Accounting and Reporting Lead, she was responsible for managing multiple stakeholders regionally & globally. Her expertise in accounting, risk & controls and reporting helped her build and implement more robust controls, processes and documentation for tax processes covering both US and Indian GAAP.
