Mumbai: ReshaMandi, a homegrown digital ecosystem for natural fibre supply chain has appointed Ritesh Kumar Talreja as chief financial officer.
In his new role, Ritesh will lead the company’s finance function where he will manage corporate development from a debt raising and M&A standpoint, said the statement.
Ritesh has a rich experience of over 14 years in advising businesses on matters pertaining to fundraising, mergers and acquisition, structuring private equity investments and other corporate transactional matters in public and private space.
Previously, he was leading the IndusLaw’s Tax practice group as executive director. Before that, he spent 10 years at EY India, including advising clients in the areas of corporate governance, risk management and business performance improvement during this stint.
“We are thrilled to have Ritesh on board. His extensive experience in corporate law and financial control will enable us to chart a solid growth path. I am confident that his expertise will help our company grow by huge leaps," commented ReshaMandi founder and CEO Mayank Tiwari. "He complements our strong performance-oriented culture, and we believe his impressive track record of execution and achieving results qualifies him to lead our finance operations.”
Being a chartered accountant, Ritesh is also a part of the Advocacy Committee with the Indian Association of Alternate Investment Funds. Over the years, he has also advised companies on international taxation matters, direct tax issues related to structuring cross-border transactions and identifying tax planning opportunities with an overall objective to achieve a tax-efficient structure in India.
He has robust experience in handling direct tax litigation matters across Indian appellate tribunals (including being an advisor to clients in devising tax litigation strategy) and tax policy representations before the Central Board of Direct Taxes (CBDT), the apex direct tax administration body of India.
Speaking about his appointment, Ritesh said, “Unlike a conventional CFO, a new-age finance leader has multiple roles, especially in a start-up ecosystem which is extremely dynamic. I will be working closely with the founders on significant areas like establishing an effective financial infrastructure, ensuring compliance, leading fundraising conversations, financial planning and analysis, and cash flow tracking."
