Mega Panel Discussion DREAM. STRIVE. SUCCEED.€¦ · Meydan Group to build Mohammed bin Rashid...

Institute of Chartered Accountants of IndiaUAE (Dubai) Chapter

DREAM. STRIVE. SUCCEED.Mega Panel Discussion


February 7, 2015 - 4pm to 9pmVenue: JW Marriot Marquis, Business Bay, Dubai


An overview of ICAI Dubai Chapter

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act 1949, for the regulation of the profession of Char-tered Accountants in India. During its 66 years of existence, ICAI has achieved recogni-tion as a premier accounting body not only in India but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.

The ICAI–UAE (Dubai) Chapter established 33 years ago, is the largest and one of the most active overseas Chapters of ICAI. The various technical, social and community development programs undertaken by the Chapter in these past years have been a great success. The resurgence of the economy and business environment in the UAE coupled with the recent government initiatives and regulations to promote the all-round growth in the country is bound to pose new challenges to the profession.

Mark your Calendar - Upcoming EventsFebruary

Feb 21, 2015Motivational session by Shiv Khera “Winners Don’tDo Different Things, They Do Things Differently”Joint event of Dubai and Abu Dhabi Chapter

Mar 01, 2015Review of Indian Union Budget 2015-16

Mar 20, 2015Annual Social Get-together

Apr 30 - May 01, 2015Annual International Conference

Institute of Chartered Accountants of IndiaUAE (Dubai) ChapterInstitute of Chartered Accountants of IndiaDubai Chapter

RegistrationNetworking Refreshments

Welcome Note

Programme Schedule

Felicitating the Pravasi Bharatiya Samman 2014 awardees from UAE, Mr. Bharat Bhai Jayantilal Shah and Mr. Ashraf Palarkunnummal

Address by the Chief Guest Mr. Fahad Al Gergawi, Chief Executive Officer, Dubai FDI

5.00 pm to 6.00 pm

6.00 pm - 7.00 pm

7.00 pm - 8.00 pm

8.00 pm - 9.00 pm

4.00 pm to 5.00 pm

Dinner

Panel Discussion 1 "No More a Secret"

Panel Discussion 2"Dare to Dream"

Panel Discussion 3"Determined to Succeed"

9.00 pm


Fahad Al Gergawi was appointed by the Government of Dubai as Chief Executive Officer of Dubai FDI, the foreign investment promotion agency in the Department of Economic Development (DED), in 2008 after he successfully led international business development initiatives for strategic organizations in the emirate.

Al Gergawi also serves as the Secretary General of the Dubai Green Economy Partnership, aimed to consolidate and integrate green initiatives and clean technologies into Dubai’s core economic competencies.

Fahad Al Gergawi brings a wealth of experience into his role at Dubai FDI. He is also one of the first graduates of the elite Mohammed Bin Rashid Program for Young Business Leaders, a member of the Young Arab Leaders Foundation UAE chapter and the MENA Director of the World Association of Investment Promotion Agencies (WAIPA).

A Communications graduate of the UAE University, Al Gergawi started his career in the Exhibition Department of the Dubai World Trade Centre in 1994. A year later, he moved to the Dubai Chamber of Commerce and Industry as Executive Director for Trade and Industrial Development. Remaining in that role till 2004, Al Gergawi played a stellar role in the creation of various first-of-its kind business groups and councils in Dubai. He was also instrumental in helping Chamber members to expand their business internationally and promoting business opportunities in Dubai across numerous trade and economic forums as well as international missions.

Between 2004 and 2008 Al Gergawi was part of Dubai Holding as Executive Director of Internation-al Business Development at the Dubai Properties Group (DPG). He succeeded in creating global opportunities for DPG and attracting a wide range of international businesses, partners and inves-tors into the Group’s ventures.

In his current role, Al Gergawi is focused on placing Dubai firmly on the global FDI map, by attract-ing regional and international investors to leverage opportunities across the various industries and sub-sectors in the emirate, and developing closer co- operation with key international investment partners.

Chief GuestMr. Fahad Al Gergawi, CEO, Dubai FDI


Ashraf Palarkunnummal mostly known as Ashraf Thamarassery (his native village in Kerala), who runs a workshop in Ajman, has helped sent home dead bodies of people from over 35 countries, without receiving any payment for the service.

Ashraf realized the plight of grieving families in completing the formali-ties to repatriate their loved ones’ bodies when he saw two youngsters crying in front of their father’s corpse without knowing what to do.The

painful incident he witnessed at Kuwaiti Hospital 14 years ago changed his life.

If witnessing a single death is agonizing for many, he has witnessed more than 2000 deaths and the agony of family members who often turn helpless against formalities. He alleviates the hassles of such families who are already in pain because of the loss of their loved ones.

Already a recipient of recognitions from various expatriate organizations and Indian media houses, Ashraf has also inspired a book and a movie. UAE-based Malayalam writer Basheer Thikkodi wrote the book Paretharkkoraal on Ashraf’s life, based on which famous directorTA Razak is making the movie.

Entrepreneur and philanthropist Bharatbhai Shah was born in Gujarat and moved to Yemen at the age of 15 to pursue his studies, before landing a job as a clerk in a shipping firm in 1949. Among his co-workers at the time was the late industrialist Dhirubhai Ambani.

Over the next decade, Shah’s business acumen saw him flourish in the retail trade. He shifted base from Yemen to Saudi Arabia and

finally to the UAE, where his friendship with Ambani led to his appointment as a Middle East coordinator for Reliance in 1985.

Shah launched his own business, Al Mustaneer Trading, shortly after. As a founding member of the Overseas Indians Economic Forum Dubai and the Gujarati Samaj, Shah’s community standing has seen him actively crusade for the underprivileged, while fighting for the rights of non-resident Indians (NRIs) based in the UAE. Well known for his philanthropic activities, Bharatbhai Shah’s doors are open 24/7 to people who come to him for help. Active in the Indian community, Shah is the Convenor of the NRI cell of the Indian Business and Professional Council, Sharjah.

Mr. Bharatbhai Shah

Mr. Ashraf Palarkunnummal

Pravasi Bharatiya Samman 2014 awardees


Padma Shri Dr. BR Shetty, CEO & Managing Director - NMC Group and UAE Exchange

Mr. P. N. C. Menon, Chairman Emeritus - Sobha Developers

Padma Shri Dr. Azad Moopen, Chairman & Managing Director - Aster DM Healthcare

Pioneers on their uphill climb to the topPanelists :

Moderator: CA. Anil Bhardwaj

Prominent CAs on what made them count

Mr. Yogesh Mehta, Managing Director - Petrochem Middle East

Mr. Siddharth Balachandran, Executive Chairman & CEO - Buimerc Corporation

Mr. Eugene Mayne, CEO - Tristar Group

Young Entrepreneurs on how they made the differencePanelists :

Moderator: CA. V.P. Nagarajan

CA. Sanjay Manchanda, CEO - Nakheel PJSC

CA. Sudhir Kumar Shetty, President - UAE Exchange

CA. Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo Airlines

Panelists :

Moderator: CA. Abbas Ali Mirza

"No More a Secret"

"Dare to Dream"

“Determined to Succeed”


An optimist by nature, Dr. Shetty came to the UAE in 1973 in search of greener pastures and went on to become the pioneer of private health-care sector with NMC, which was established in 1975. Under his able leadership an array of service-oriented businesses have flourished, such as Financial Services and Money Remittances, Hospitality, Information Technology, Education, Food, Pharmaceuticals, Medical-Scientific Equip-ment and FMCG Brands. NMC Healthcare is the UAE’s largest private healthcare provider with twelve healthcare facilities of which three are JCI accredited specialty hospitals, catering to over 2 million patients a year. A state-of-the-art pharmaceutical manufacturing plant, Neopharma, was set up in 2003. UAE Exchange which was set up in 1980 is a leading global remittance and

foreign exchange brand with a presence in over 32 countries with 750 direct offices. NMC trading has exclusive rights for the distribution of some of the premier brands from around the world, including Nivea, 3M, Siemens, Abbott, Pfizer, Kiwi, Brylcreem, Unza, Pharmaton, Fem, Pears, Dial, Unilever, Sara Lee and Neocare among others. Awards and recognitions include the Order of Abu Dhabi by the Government of Abu Dhabi (2005), Padma Shri by the Government of India (2009), First-Ever Swiss Ambassador’s Award 2008, Pravasi-Bhartiya Samman Award (2007) and Forbes Middle East Top Indian Leader in 2013.

Dr. B. R. Shetty

P.N.C. Menon is the founder of Sobha Group of companies. The life story of the self-made, first generation businessman cum philanthropist is an inspiration and motivation to a number of aspiring young entrepreneurs and commoners alike.

His business empire in Oman, which had a humble beginning in 1976 later on flourished and expanded to the U.A.E., Bahrain and Qatar, with an unmatched reputation for quality construction and interiors.Seeing the potential in the Indian real estate market, which was in dire need of quality construction, he founded Sobha Developers in Bangalore in 1995. The company built its foundation on international quality standards and value systems and has created an unparalleled name in the Indian real estate industry.

The Dubai operations, which started mainly as a contracting company, ventured into real estate development in the year 2006 and has now become one of the most respected companies in Dubai.

The Sobha Group has recently launched a joint venture project in equal partnership with the reputed Meydan Group to build Mohammed bin Rashid City - District One in the heart of Dubai. The project will be built in over 1,100 acres of land with an area covering 47 million sq. ft. of development.

Menon is the recepient of the prestigious Pravasi Bharatiya Samman Puraskar in 2009, ‘Golden Peacock Lifetime Achievement Award for Business Leadership’ by the Institute of Directors (IOD), ‘Lifetime Achievement Award’ by NDTV Profit and ‘Brand Icon Award’ by Times of India.

CEO & Managing Director NMC Group and UAE Exchange

Mr. P.N.C. MenonChairman Emeritus Sobha Developers

Panelist

Panelist

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Dr. Azad Moopen, Chairman & Managing Director of Aster DM Healthcare, is a Physician-turned Businessman and Philanthropist. He started his career as a Lecturer at Medical College, Calicut, India, before relocating to Dubai. He is a Gold Medalist in Medicine and Post-Graduate in General Medicine and Chest diseases.

In 3 decades of his professional career, Dr. Moopen has established the largest network of healthcare facilities in GCC consisting of Hospitals, Medical Centres & Pharmacies, covering wide spectrum of services, starting from Primary Care to Quaternary Care. Through its brands “ASTER”, “MEDCARE”, “ACCESS”, “MIMS”, “ASTER MEDCITY”, “DMWIMS” etc., with a corporate motto “Care Beyond Boundaries”, Dr. Moopen has made quality healthcare affordable and accessible to various sections of

society. Employing over 10,000 staff, Aster DM Healthcare provides healthcare service in 8 countries through more than 230 establishments.

Awards and recognitions include Padma Shri by the Government of India (2011) Arab Health Award by Arab Health Forum for his outstanding contributions to the Middle East healthcare industry(2010), Pravasi Bharathiya Samman by Government of India (2010), ‘Best Doctor Award’ (in 2009) by the Government of Kerala and Aster DM Healthcare was recognized in 2012 as amongst the 400 Emerging Champion Companies of the World by the World Economic Forum.

Dr. Azad MoopenChairman & Managing Director Aster DM Healthcare

Anil Bhardwaj is a Chartered Accountant by profession and a founder member and past Chairman of the Dubai Chapter of the Institute of Chartered Accountants of India.

After having spent some years with Whinney Murray (now Ernst & Young), he joined Al Moosa Enterprises LLC, Dubai (The Arenco Group), a diversi-fied conglomerate with interests in real estate, hotels, manufacturing, architecture designing, services and trade.

The Group pioneered the hotel apartment concept in Dubai over two decades ago. Anil represented the owner in the negotiation and finaliza-tion of the management agreements with the operators whose range

covers almost all of the top global names.

He, inter alia, sits on the Board of most of the Group companies including the hotel management company.

A keen speaker at professional events, he spends his spare time dabbling in Indian Music.

CA. Anil BhardwajDirector at Arenco Group

Moderator

Panelist


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Driven by passion and a need to succeed, Yogesh Mehta established Petrochem Middle East in 1995.

Yogesh graduated with a Bachelor of Science in Chemistry from National College Bandra in Mumbai, India, and his first job was at his father’s chemical manufacturing factory in western India, where he honed his innate leadership skills and gained valuable hands-on business experi-ence. Yogesh then went on to open his own chemical trading business, which enjoyed fair success. Mr. Yogesh relocated to Dubai in 1990.

Within five years, he managed to establish a business by opening a state-of-the-art storage terminal for bulk and drum chemicals. Petrochem

Middle East has since grown from strength-to-strength to become one of the largest independent petrochemical distributors in the Middle East. Under Yogesh’s leadership, Petrochem Middle East has evolved into one of the largest independent petrochemical distributors in the Gulf. Mr Mehta is credited with an ability to carve water out of stone, a burning desire to succeed against odds, with a do or die attitude, having established a business by opening a state-of-the-art storage terminal for bulk and drum chemicals in 1995 and create barriers to entry.

Mr. Yogesh Mehta

Siddharth started his career in Chennai in 1999 as a Strategic Accounts Manager at Dun & Bradstreet Information Services, the world's leading source of commercial information and insight on businesses. However, keen to explore new avenues and determined to carve a niche of his own, Siddharth relocated to the UAE in 2001 and set up Bumga FZCO in Jebel Ali, dealing in a variety of construction materials.

In a short span of four years, Siddharth went on to set up several ventures in India and the UAE, firmly establishing himself as a respected entrepre-neur and a successful corporate strategist.

A highly respected entrepreneur and the successful corporate head of Buimerc Corporation and it's subsidiary companies in UAE and India,

Siddharth is also a passionate philanthropist who firmly believes in giving back to the community. On several occasions he has been at the forefront of helping those who are less fortunate, several of which have come in for appreciation from senior dignitaries and government authorities.

Siddharth was elected Chairman of India Club, Dubai in 2010. At 33 years, he was the youngest ever to be accorded this honour in the history of India Club, and continues to be a Trustee.

Siddharth is one of the Chief Patrons of Indian Social and Cultural Centre, Abu Dhabi.

Managing DirectorPetrochem Middle East

Mr. Siddharth BalachandranExecutive Chairman & CEOBuimerc Corporation

Panelist

Panelist


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Eugene Mayne arrived in the UAE in 1976 with a degree in finance from Bangalore University. He started his professional career with Caltex Alkhalij in 1976 and took early retirement in 1998 to set up his own company.

Mayne was determined to build a company with a difference and so Tristar Transport was established where issues related to health, safety and well being of all were accorded top most priority. So with three used trucks, Mayne took a leap of faith and the rest is history.

Today Tristar has a fleet of more than 1,000 vehicles moving more than 1 million tonnes of petroleum and chemical products a year with 1,800 employees of various nationalities, Tristar has an operating presence in 13

countries posting revenues of over 300 million US dollar a year.

Backed by his leadership and entrepreneurial spirit, the company has been consistently growing at a CAGR of +20% since inception and has today, a diversified portfolio of services ranging from road transport, warehousing of dangerous goods and chemicals, management and operation of fuel farms, turnkey fuel operations, and into –plane aviation fuel services, as well as ship owning and chartering for movement of petroleum products by sea.

Mr. Eugene Mayne CEO Tristar Group

V.P. Nagarajan is a member of the Institute of Chartered Accountants of India. He is also a member of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India. Currently Mr. Nagarajan is the Executive Director with the ETA Group, Dubai.

He was the Chairman of the Dubai Chapter of the Institute for two terms 2007-2008 and 2008-2009. During his tenure, Mr. Nagarajan came up with a Chairman Roster listing out the names of the Chairmen of the Dubai Chapter to be displayed at the local premises of the Institute. During his term, the Chapter arranged an excellent galaxy of speakers to bring

members up to date on topics of current interest. As a means of closer engagement with the Consulate General of India, Mr. Nagarajan had organized joint programs with the Indian Consulate which was well attended and appreciated.

CA. V. P NagarajanExecutive Director ETA Group

Moderator

Panelist


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Sanjay Manchanda is the CEO of Nakheel PJSC, world’s leading developers and a key player in realising the vision of Dubai for the 21st century.

Born in Vienna and educated in India, Sanjay is a fellow member of the Institute of Chartered Accountants of India.

Prior to joining Nakheel, Sanjay spent 25 years working in the Middle East as a partner at leading global accounting advisory firm PricewaterhouseC-oopers (PwC), where he gained a deep understanding of the region’s business, commercial and regulatory environment.

Amongst the many achievements at PwC, Sanjay was instrumental in the successful financial restructuring of leading jewellery retailer Damas – the first private company in the Middle East to undergo a financial restructuring exercise.

CA. Sanjay Manchanda

Sudhir Kumar Shetty is the President of UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand. A true veteran in the remittance industry, Sudhir Shetty has been leading UAE Exchange, since 1991. During these 24 years with the company, his charis-matic leadership, technological know-how and operational expertise have transformed UAE Exchange into a truly global brand.

Sudhir Shetty completed his Bachelor's degree in Commerce & Law from the University of Mysore and also completed his Chartered Accountancy from the Institute of Chartered Accountants of India. In 1990, Sudhir Shetty joined NMC Group as Internal Auditor and within a year was elevat-ed to the helm of UAE Exchange.

Today acclaimed as the World's Trusted Money Exchange, UAE Exchange is one of the leading global money transfer, foreign exchange and payment solutions brand, globally. Its fast growing international presence spans 32 countries across five continents, with over 750 direct offices. UAE Exchange also has strong correspondent banking relationship with close to 150 global banks. Over 9000 UAE Exchange personnel, across the globe, representing over 40 nationalities, serve more than 7.9 million customers.

Sudhir Shetty is known for his multifaceted personality encompassing leadership, business, social work & philanthropic activities, promotion of culture, education and sports.

CEO - Nakheel PJSC

CA. Y. Sudhir Kumar ShettyPresident UAE Exchange

Panelist

Panelist

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Riyaz Peermohamed joined low cost airline start up IndiGo in Delhi in May 2006 as Chief Financial Officer and was a part of core team which set up the airline and established it as a highly profitable low cost airline in India. From July 2014 he has been given a new responsibility as Chief Aircraft Acquisition and Financing Officer.

At IndiGo he is a member of a core group including shareholders and Directors that runs the airline. He is responsible for Aircraft acquisition, financing and fleet planning and raised financing for 100 A320 aircraft (circa USD 4 billion) and PDP financing.

Prior to joining IndiGo, Peermohamed was with Emirates in Dubai where he was a member of the core group that ran the airline. He joined Emirates in 1989 when it had just two Airbus aircraft and was instrumental in its growth

plans until 2006 when its fleet was 92 aircraft. His last position held with Emirates was Senior Vice President – Corporate Treasury.

He raised financing for more than 100 wide body aircraft for Emirates (circa USD 15 billion) and pioneered Islamic leases. At Emirates, he completed three ground breaking bond issues to raise more than USD 1.5 billion, including one Islamic sukuk.

Prior to Emirates he worked with chartered accountancy firm KPMG in Dubai. Peermohamed holds a Bache-lor of Science (Chemistry) from Bombay University, is a Chartered Accountant (India) and a Chartered Financial Analyst (USA).

CA. Riyaz Peermohamed

CA Abbas Ali Mirza who was elected Chairman of ICAI Dubai Chapter for three terms, works as Audit Partner with Deloitte & Touche (ME). He is the Past President and currently Board member of Indian Business & Profes-sional Council (IBPC), Dubai.

Abbas Ali Mirza has made his presence felt in the industry and society as the Chairman - 21st session of UNCTAD's Intergovernmental Working Group of Experts on International Standards on Accounting & Reporting (ISAR), United Nations, Chairman -Dubai Chamber of Commerce’s Auditors Group, Formerly Member - Accounting Standards Committee, Securities and Exchange Board of India (SEBI) and Formerly Member - Developing Nations Committee.

Chief Aircraft Acquisition andFinancing Officer, IndiGo Airlines

CA. Abbas Ali MirzaAudit PartnerDeloitte & Touche (ME)

Panelist

Moderator


The Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India

Author of International Best seller“YOU CAN WIN”

Sold over 3.2 million copies in 19 languages

“Winners Don’t Do Different Things,They Do Things Differently.”

Dubai Men’s College, Academic City, DubaiSaturday, February 21, 2015 - 2.30pm to 6.30pm

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