MUKUL TREHAN

1. MUKUL TREHAN An FCA with over 17 years of Professional Expertise in the field of Business Assurance at Senior Management level in India and Abroad. If you have a talent, use it in every which way possible. Don’t hoard it. Don’t dole it out like a miser. Spend it lavishly like a millionaire intent on going broke.

2. PHILOSOPHY Mission: To provide a catalytic element in the Organization by working towards organizational excellence providing an independent, objective assurance and consulting activity designed to add value and to align individual aspirations with the organizational goals. Key Strengths Self Driven Strives for Continuous Improvement Task Oriented & Result Driven Believes in Flexibility, Openness & Transparency Possess an ‘Eye for Details’ Team Oriented with excellent Interpersonal skills Methodical & Analytical in Approach Visionary and an Astute Strategist An efficient Resource Manager

3. CORE COMPETENCIES • Internal Audit • Statutory Audit • Policies & Procedures • Finance & Accounts • Corporate Governance (SOX) • Statutory Compliances • Process Mapping & Reviews • Internal Control • Compliance Reviews • Risk Evaluation & Management • Investigations • Due Diligence • Team Management • Management Audit

5. SENIOR MANAGEMENT PROFESSIONAL – Business Assurance • Internal Audit ~ Policies & Procedures~ Process Mapping & Gap Analysis ~ Risk Evaluation & Management ~ Corporate Governance (SOX) • Dynamic, result driven FCA with over 17 years of proven excellence in Business Assurance, having worked within India and Abroad, of which nearly 7 years was with PwC. • Possess an excellent understanding of evaluating internal controls, introducing risk based audit approach, examining financial and other data as well as reviewing management systems, different processes and programs for improvements. • Proven abilities in implementing major reforms in the system by spearheading the following initiatives: • Setting up Internal Audit departments from the scratch. • Introducing Risk Based Audit Methodology. • Drawing up short term and long range internal audit plans. • Preparing Internal Audit Charter and Audit Committee Charter, where applicable. • Process Mapping for Documentation defining work flow processes, Gap Analysis, System Improvements and ERP implementation. • Organizational restructuring and reengineering. • An expert in drafting policies and procedures manuals. • Strong exposure in implementation of SOX/Clause 49 of the listing Agreements. • Possess excellent interpersonal skills having become backbone of the top management and interacted with the Board of Directors and Audit Committee for taking vital decisions. • Known for delivering impressive growth in the business by providing expert consulting support, developing high performance leaders and implementing innovative practices. • A strategic planner and an efficient team leader having exceptional problem solving and troubleshooting abilities. PROFILE SNAPSHOT

6. WORK EXPERIENCE Chartered Accountant Consultant - with a leading CA firms Dec’11 till date (Retainership Basis) Internal Auditor Gulf Contracting CO (W.L.L.), Doha, Qatar Apr’09-Nov’11 Group Chief Internal Auditor Parco Group, Lagos, Nigeria and Mumbai Jun-Oct’08 (Retainership Assignment) Group Chief Internal Auditor CHI Ltd., Lagos, Nigeria Feb-May’08 (Retainership Assignment) Chief Manager-Internal Audit Thomson Press (India) Ltd., Faridabad Dec’04-Feb’08 (India Today Group) Manager-Internal Audit Salalah Port Services Co. S.A.O.G., May’01-Mar’03 (A Joint Venture between the Sultanate of Oman and A.P Moller Terminals Group) Manager-Business Assurance Price Water House Coopers (PwC) Jun’95-Apr’01 Consultant M.C. Bhandari/Dooger & Associates and Jan’89-Mar’95 Export House J.C. Textiles/L.M.Sagar Exports (Retainership Assignment)

7. ADDITIONAL ASSIGNMENTS Jan’89-Mar’95 - While with M.C. Bhandari/Dooger and Associates, finalised MTNL & Indian Airline statutory audits independently on retainer-ship basis including attending Indian Airline AGM. Efficiently performed the Statutory Audit of Maral Overseas, Hindustan Eletro Graphite, Mandideep (HEG). • May’85-May’88 : Thakur Vaidyanath Aiyar & Co. as Article Trainee • Competently handled the Statutory, Internal and Tax Audits of various Public and Private Limited Companies and Cooperative Societies. • Holds the credit for conducting specialized Audits and Investigations. • Key assignments handled undertaken during Articleship: • i.Motor Industries Company Limited (MICO): Internal Audits of Delhi, Lucknow Offices and C&F Agents. Conducted this audit for six/seven months. • ii.Gujarat Co-operative Milk Marketing Federation: Conducted the Internal Audit for six/seven months. • iii.Modi Cements Limited: Conducted the Internal Audit of the company in Madhya Pradesh. • iv.Apparel Export Promotion Council: Handled the Internal Audit pertaining to Quota Policy. • v.Modi Threads Limited: Conducted the Internal Audits of Delhi, Jaipur Sales Depots. • vi.Oriental Insurance Company Limited: Conducted the Statutory Audit of the Faridabad Divisional Office and the Chandigarh Regional Office.

8. CAREER ACCOMPLISHMENTS (INTERNAL AUDITS) Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

9. Gulf Contracting CO (W.L.L.), Doha, Qatar Internal Auditor • Established an independent In-house Internal Audit Department in the capacity of Head of the Department. • Skilfully prepared & gained acceptance from the management on: • The Internal Audit Charter • Risk prioritized long term and short range audit plans • Distinguished efforts along with significant achievements in conducting: • Processes & accounting audits in line with approved plans. • Prepared audit reports and obtained management comments and submitted the reports on critical issues to the General Manager and the Parent Company, Interserve plc, UK. • Instrumental in: • Framing policies & procedures for various departments, thereby ushering in standardisation, implementing Standard Operating Procedures (SOPs) as per best practices which did away with the rule of thumb approach, ad-hocism and favouritism and provided a level playing ground to all employees as per their Grades. • Advising the GM during restructuring and reengineering of the organization by taking into account the control environment prevalent in the company and the risks that it was exposed to. • Ensuring effectiveness of the newly set up department and also ensured that the Internal Audit department function remained insulated from the management influence while providing the top management with the reports and professional opinions which added value to the organization in various spheres. • Implementation of Process Mapping for all the departments. • Served as the Core Committee member for evaluation of the newly developed ERP. • Highlights: • Steered cost control initiatives by ensuring proactive effectuation of developed policies & procedures as per set standards, rationalising the organisational structure, introducing the grading structure and defining the benefits available to each Grade. • Built a culture of transparency, equity and fair play as a result of which the employees satisfaction level improved which was reflected in increased productivity.

10. Salalah Port Services Co. S.A.O.G, a Joint Venture between the Government of Oman and the A.P Moller Terminals Group – Manager Internal Audit • Appointed by the Board of Directors for setting up an in-house Internal Audit department in a multicultural, multi racial and a diverse environment. • Prepared reports for the Audit Committee which had suggestions for improvement along with the road map of action. • Implemented the newly introduced SOX and delivered an elaborate presentation to the Board of Directors on the SOX regarding the responsibilities placed on the Internal Auditor and the Audit Committee as a consequence of it. • Prepared policies and procedures manuals. • Provided practical suggestions for cost reduction which were accepted and emphasized by the Board of Directors. • Issued detailed reports on Purchasing and the Inventory Process, Information Technology Process, Human Resource Process and conducted investigations. All the reports were deliberated upon at length with the management (CEO, CFO, the GM and the Chairman). • Skilfully drafted the Internal Audit Charter and Audit Committee charter which was approved by the Audit Committee. • Prepared risk based short term and long term audit plans in consultation with the Senior Management including Department Heads, CFO & GM and gained acceptance of the same from the Audit Committee. • Handled special assignments assigned by the management.

11. Thomson Press (India) Ltd., Faridabad (India Today Group) Chief Manager Internal Audit Established an in-house Internal Audit Department. Prepared the Internal Audit Charter and the Audit Committee Charter and gained acceptance of the same from the Audit Committee. Prepared risk prioritized long term and short range audit plans and conducted process and accounting audits in line with the approved plans. Presented the Critical Issues before the Audit Committee and the Board. Member of the Core Committee for evaluating a suitable ERP solution for the company. Performed a review of the process, accounting and ISO audits conducted by the Internal Audit Team. Key Highlights: Ensured that the newly set up department functioned effectively and provided suggestions for improvement to the management, audit committee and the board in the reports. Cost Reduction: Provided a cost reduction plan by nearly 25% in the report, which was considered and implemented with successful results. Brought to light the weaknesses in the Internal Controls for Cash at the Unit levels, which had resulted in defalcation of cash.

12. CAREER ACCOMPLISHMENTS (SPECIAL ASSIGNMENTS & INVESTIGATIONS)

13. 1. ESPN Software India Private Limited – Conducted a Due Diligence Review for the period from 1 September 1998 to 30 June 1999. • 2. UL SCOA (Unilever Standard Chart of Accounts) • Worked as a Consultant on behalf of Lovelock and Lewes, for Hindustan Lever Limited (HLL). Spearheaded implementation of the UL SCOA project for Northern India. The project was aimed at bringing uniformity in the Unilever reporting systems. Was actively involved in the Post Implementation Review of UL SCOA for Delhi Branch, Ghaziabad Factory and the Tundla Factory. • 3. Hindustan Lever Limited (HLL) – ‘No Surprise Review’- Conducted for the Delhi Branch, Ghaziabad Factory and the Tundla Factory Unit between April 1998 and August 1998, in accordance with the guidelines set out in the Minimum Audit Procedures. • 4. Carrier Aircon Limited, Daman: • Recreated the stock ledgers with the assistance of articled trainee through effective strategic planning and execution within the budgeted time. • Enabled the client to file the Insurance Claim for recovering the damage resulting from fire at its Daman Factory.

14. 5. Investigations: Conducted investigations into the affairs of two concerns into the construction business viz., AmarnathChiranjilal and AmarnathChiranjilal & Co. 6. Videsh Sanchar Nigam Limited (VSNL)- Euro Issue special job- Reclassified the Fixed Assets Block in accordance with the International Accounting Standards for the Years Ended 31 March 1995, 31 March 1996 and 31 March 1997. 7. Leece Neville Autolek Limited- A company incorporated with 50% Equity participation from Prestolite Inc., USA, involved in the manufacturing and marketing, including exports of Heavy Duty Stators and Alternators. Special procedures were performed for reporting to M/s Prestolite Electric Inc., as regards the Fixed Assets capitalized, Pre-operative expenses pending allocation etc., from the inception of the company till 30 September 1996, as requested by M/s Prestolite Inc., USA. Also conducted and finalized the first Statutory Audit for the year Ended 31 March 1996 and Year Ended 31 March 1997. 8. Confederation of Indian Industries (CII) – Northern Regional Office, Chandigarh.- Supervised the special job relating to the capitalization of Fixed Assets and the Statutory Audit for the Year Ended 31 March1997. 9. ITC – IBD i.) Certification for the Reserve Bank of India purposes of the remittances received between the calendar years 1993 and 1995 against export sales effected by the Delhi Office. ii.) Certification of the deduction u/s 80 HHC of the Indian Income Tax Act for the Delhi Office Maintenance of accounts (manual as well as computerized), finalization of Balance Sheet and Audits.

15. 10. Nepal Electric Authority – Annual Stock Take The Annual Stock take for the Nepal Electric Authority was supervised and conducted, in which PwC were the Joint Auditors (Statutory). The team comprised of 12 members and the entire Nepal, where Inventory of the Nepal Electric Authority was maintained was covered in the stock take. A detailed report on the stock take was issued to the Top management of the Authority. Tax Audits conducted under the revised Form 3CD of the Indian Income Tax Act, effective from 4 June 1999. Conducted the Carrier Aircon Limited, Baush & Lomb, Avery Dennison (India) Private Limited and Fortune Park Hotels Limited Tax Audits for the Assessment year 1999-2000, under the revised form 3CD of the Indian Income Tax Act.

16. CAREER ACCOMPLISHMENTS BUSINESS ASSURANCE SERVICES (AUDITS)

17. PricewaterhouseCoopers (PwC) • PricewaterhouseCoopers, one of the big 4 provided a plethora of experience in Accounting, Business and Financial Assurances, Systems Analysis and Development, Implementation of Internal Controls etc. • Led teams as a Team Leader in the range of 2- 10 depending upon the nature of assignment. • Handled all possible business assurance assignments of major PwC clients • PwC was among the first of the Big 4 to introduce an Assurance Software wherein Strategy (Risk) factors were assigned to the audits and the Risk Based Audit Approach became prevalent and was adopted while conducting the Assurance assignments.

18. Efficiently planned, executed and completed the undermentioned audits by using the Team Asset Methodology, devised by PwC: • i) Milkfood Limited: Audit for the Year Ended 31 March 2000. • ii) Schenck Avery Limited: Foreign reporting to the Parent Company in Germany and the Statutory Audit for the Period Ended 31 December 1999. • iii) Gabriel India Limited: Statutory Audit for the Year Ended 31 March 2000. • iv) Saraswati Industrial Syndicate: Statutory Audit for the Year Ended 30 September 1999. • v) Gestetner: Planned the audit by preparing the Team Asset file for execution of the Statutory Audit. • 2. Hindustan Lever Limited • Interim, Tax and Statutory Audits of the Delhi Branch, Tundla Factory Unit, engaged in the process of Tea blending and manufacturing and Ghaziabad Factory Unit, engaged in the manufacturing of Vanaspati Food Products for the Periods/Years Ended from 31 March 1995 to 31 December 1998. • i) Bareilly Factory Unit, an erstwhile Kissan Food Products manufacturing unit. Conducted the first Statutory Audit subsequent to the decentralization of accounting by the Corporate Office, Bangalore for the Period Ended 31 March 1996 and the Statutory Audit for the Year Ended 31 December 1996. Equally supervised the Tax Audit for the Assessment Year 1996-97. • ii) Ice Cream Division – North. Consequent to the Strategic Alliance between erstwhile Brooke Bond Lipton India Limited (BBLIL) and Kwality, led the audit team and finalized the first Statutory Audit.

19. 3. ITC Hotels Limited: i) Planning and Mobilization: Prepared and finalized the Audit Strategy Memorandum for the ITC Hotel’s Statutory Audit for the Year Ended 31 March 1997. Coopers and Lybrand Audit Approach (CLAA) was adopted for effective and value added service to the client and was successfully implemented in achieving this end. ii.) Conducted the Statutory Audits of Welcomgroup Mughal Sheraton and Welcomegroup Usha Kiran Palace, Jaipur and Lalgarh Palace, Bikaner a managed property of Welcomgroup chain of hotels for the Period Ended 31 March 1997 in line with CLAA. iii). Conducted and finalized the Interim Audits of Rajputana Palace Sheraton, Jaipur and Lalgarh Palace, a managed property of Welcomgroup chain for the Year Ended 31 July 1997 iv). Fortune Park Hotels Limited, a subsidiary of ITC Hotels Limited set up to provide management expertise to growing mid market segment, for Fortune Park Hotels Limited. Conducted the Statutory Audits for the Years Ended 31 March 1997 and 31 March 1999 and the Tax Audit for the Assessment Year 1997-98. 4. ITC Limited , Saharanpur – a cigarette manufacturing unit. Was the audit team leader and finalized the Statutory Audit for the Year Ended 31 March 1996 5. LML Limited, Kanpur –As a team leader was engaged in the Audit for the Period Ended 31 March 1997 and the Statutory Audit for the Year Ended 30 September 1998. CLAA was implemented in doing the 30 September 1998 Audit. 6. Sicpa India Limited-A subsidiary of Sicpa S.A. Switzerland, a company engaged in the business of manufacturing of Security and Commercial Paste Inks and the sole supplier of Security Inks to Reserve Bank of India. Functioned as the Team Leader and finalized the Audits of Foreign Reporting Consolidation Package, as per Swiss Laws, for the Years Ended 31 December 1997 and 31 December 1998 and the Statutory Audit, as per the provisions of the Indian Companies Act, 1956 requirements for the Year Ended 31 March 1998.

20. 7. Imaje Technology Private Limited- A subsidiary of Imaje S.A. France, engaged in the trading of Ink Jet Printers and Ink Additives. Held the Planning and Mobilization meetings with the Group Financial Chief, General Manager and the Financial Controller as regards the defining of the first Accounting Period, adoption of the Group Accounting Policies, to the extent possible, secretarial compliances, advising on certain specific issues etc. The first Audit was conducted was supervised, as a prelude to the Tax Audit for the Period Ended 31 March 1998. • 8. Philips India Limited (North)- Finalized the Statutory Audit of the Consumer Electronic Division, Light Division, Banking and Sales Tax, Components and the Industrial Electronic Division for the Year Ended 31 December 1995 and also finalized the Tax Audits of the aforementioned divisions for the Assessment Year 1996-97. • 9. British Telecom (WW) Limited – India Branch-Conducted the Statutory Audit for the Year ended 31 March 1997. • 10. Rallis India Limited, Agrochemical Division – North: Conducted and finalized the Statutory Audit for the Year Ended 31 March 1996. Did the Subsidy certification for different months. • 11. Indian Association for Canadian Studies: Conducted the Statutory Audit and the FC3 certification for the Years ended 31 March 1997, 31 March 1998 and 31 March 1999. • 12. Aga Khan Foundation • FCRA Audit • Audit for Income Tax purposes • Provident Fund and Superannuation Fund Audits for the Period Ended 31 March 1997

21. 13. Richard Ellis Limited- A foreign based company into the property business. • Was involved in the Statutory Audit of the India Liaison Office for the Periods Ended 31 December 1994 and 31 December 1995. • Finalized the Statutory Audit of the India Branch for the Year Ended 31 December 1995 • Finalized the Auditors’ Report for submission to Reserve Bank of India for closing down the Liaison Office and opening of the India Branch. • 14. New Video Limited- Sole representative of Sony in India for selling and servicing of Professional (Studio and Broadcasting) equipment. Handled and finalized the Statutory Audits for the Years Ended 31 March 1996 and 31 March 1998, as Audit in charge. • 15. The Korean Development Bank-Finalized the Statutory Audit of the India Representative Office for the Period Ended 31 December 1997. • 16.Avery Dennison (India) Private limited-A fully owned subsidiary of Avery Dennison, USA. Conducted and finalized the Statutory Audit for the Year Ended 31 March 1999.

22. SCHOLASTICS • Passed the CA final examination in Nov’95 • B.Com. (Honours) from University of Delhi

23. Coopers & Lybrand Audit Approach (CLAA): 8 days training course organized by M/s Lovelock & Lewes on the Coopers & Lybrand Audit Approach (CLAA), aimed at maximizing value for the client and exceeding client’s expectations. The thrust was to provide Total Engagement Quality (TEQ). It’s focus was on understanding the process and client’s business as a whole, identifying & assessing risks, understanding controls and planning for achieving the business objectives. • Team Asset: The training course was organized by Pricewaterhouse Coopers (PwC) for a period of 5 days, a revolutionary approach aimed at conducting Audits online using computers. Key benefits were, elimination of multi layered review since the entire team would be online, dependence on minimum documentation, advantages of Combined Audit Knowledge and Experience (CAKE) can be availed, resulting in cost effective audits consuming much lesser time, personnel development as each member acts as the Team Leader for the other, depending upon the level of expertise and results in terms of value added services to the clients. Proficiently conducted the Interim and Statutory Audits under the Team Asset Approach for the Saraswati Industrial Syndicate, Shenck Avery Limited, Hindustan Unilever Limited, Gestetner, Gabriel India Limited, Milkfood Limited, etc. • Code of Corporate Governance: As an aftermath of the Arther Andersen, the Code of Corporate Governance was introduced in the Sultanate of Oman for the MSM Listed Companies. Major responsibilities for Corporate Governance were placed on the Audit Committees and the Internal Audit Departments. Attended the seminar conducted in the last quarter of the year 2002 by Ernst & Young on this Code of Corporate Governance. • Creating Avenues for Reaching Excellence (Project CARE): Attended the course organized by PwC from 25 July 2000 to 28 July 2000 at Mughal Sheraton, Agra. The module was designed and conducted by NIS SPARTA LTD., an external agency. The programme aimed at developing the facilitation skills of the participants, team building, fostering trust for superior performance and inculcating soft skills among the participants. • Corporate Training Courses organized by PwC as per the training schedule including the changes in Corporate laws, Y2K, changes in Tax Audit (Form 3CD), etc. TRAININGS ATTENDED

24. LINKED IN

25. RECOMMENDATIONS FROM LINKED IN • Internal Auditor • Gulf Contracting CO (W.L.L), Doha, Qatar • A K Sharma • QA Manager at Gulf Contracting Co. WLL • Mukul brings a unique combination of solid financial understanding and looks at problems in a manner that he only provides best fit innovative solutions.He is not only brilliant at work but has a wit to match. Above all, he always lends a helping hand and goes out of his way to help others.He is an invaluable asst for any organization for his freshness of approach at...more • May 25, 2013, A K worked directly with Mukul at Gulf Contracting CO (W.L.L), Doha, Qatar • Chief Manager, Internal Audit • Thomson Press (India) Limited, The India Today Group • Rajiv Sharma • General Manager Finance at Medanta The Medicity, Global Health • I know Mr. Mukul from the times we were together at Thomson Press. He has an eye for detail, a good judge of the right process and controls, a very diligent, meticulous person with strong hold in his domain knowledge and good presenter of facts and recommendations. I have seen him striving not only to find the missing links in the processes/controls but also to fill in...more • June 13, 2013, Rajiv worked indirectly for Mukul at Thomson Press (India) Limited, The India Today Group • 3. Manager Internal Audit • Port of Salalah • SaurabhKrishan • Controller – Central & Eastern Europe & Finance Control Oversight at EXL • Dynamic, straight, visionary and honest are of words that come straight to my mind. A great individual to work with. Believe in spreading the knowledge selflessly • June 19, 2013, Saurabh reported to Mukul at Port of Salalah • 4. Assistant Manager • PwC India • Niladri Roy • Business Performance Improvement Specalist • I have known Mukul since my days with PwC Delhi. What struck me about him was his equanimity and his composure in most trying times . He is in incessant search of meaning and his search makes him an experimenter a challenger of the status quo. I wish him all the best in his future endeavours • September 25, 2013, Niladri worked with Mukul at PwC India • 5. Vinay Gupta • Director - Internal Audit at GEMS Education. • Mukul was associated with me in PricewaterhouseCoopers in New Delhi and had handled a number of assignments for me. I found him to be a very hard working, sincere and a very sharp professional. He handled all the assignments very well and the clients were very happy with him. I personally would like to wish Mukul all the very best in all his efforts and wish him great...more • September 24, 2013, Vinay managed Mukul at PwC India • 6. Articleship from ThakurVaidyanathAiyar & Co. • AmalSinha • Sr. Vice President & CFO at BSES Rajdhani Power Ltd ( JV of Reliance Infrastructure and Govt of Delhi) • Mukul is known to me from his very young days where he was liked for his open and free thoughts and expression, ability to mingle with people of all ages, good listening and patience. He was generally relaxed but had firmness pf approach and style. Over the years he has matured as a great professional and i wish him always the best. AmalSinhaSr VP & CFO BSES Rajdhani...more • May 25, 2013, Amal studied with Mukul at Articleship from ThakurVaidyanathAiyar & Co.