"Look Before You Jump. Indians should do their homework before investing in overseas markets"- Cover story by Ashu Suyash

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Publication : BUSINESS WORLD
Date : August 4, 2008
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Bobby Parikh is the Managing Partner- Indian Operations of Arthur Andersen & Co. He joined Arthur Andersen in 1984, made partner in 1995 and assumed his present responsibilities in late 1998.

Bobby specializes in the financial services industry and is responsinble for the financial markets practice within the overall advisory practice in India. He has extensive experience in advising and assisting international financial services companies in doing business in India and in establishing an Indian presence.

Bobby has lead teams in:

  • Formulating entry strategies and business plans.
  • Partner searches.
  • Due diligence reviews and valuation of reviews.
  • Feasibility studies.

For financial markets clients operating in the investment banking, fund management, securities broking, leasing and the insurance sectors.

Bobby advises a number of banks operating in India and has worked actively with several International banks in assisting them in establishing an Indian banking presence. He has worked with leading US, UK and South East Asian investment banks in formulating their entry strategy into India and in implementing an Indian operating presence.

Bobby has participated in and addressed several seminars, both external and inhouse in India and overseas, on current developments in the Indian financial markets, government policies on trade and investment, and on various tax technical issues.

Lalit Pandit, along with the elder brother Jatin are one of the biggest names in the Indian Film Industry. Lalit passed out from N.M. College in 1989. The duo, ‘Jatin-Lalit’ have given various memorable music to the Hindi Cinema.

Lalit was born in a traditional musical family. His uncle Pandit Jasraj and father Pandit Pratap Narayan are veterans in the field of classical music. He belongs to the Mewati Gharana, which is one of the finest Gharanas that this country has.

The pair of ‘Jatin-Lalit’ has scored music and sung in various Hindi films. Their recent movies like ‘Dilwale Dulhania Ley Jayenge’ and ‘Kuch Kuch Hota Hai’ have been one of the highest selling music ever in the history of Hindi cinema. This year they have been adjudged as the ‘Best Music Director’ in the Screen Videocon Awards for their music score in the film ‘Kuch Kuch Hota Hai’. They are known to be making and working for the most prestigious movies in the film Industry.


Paresh Rawal is one the most well-known personalities in the Indian film industry. Paresh Rawal passed out from N.M. College in 1977. He begun his acting career in Gujarati Plays. He has acted in various stage plays and movies. Some of his memorial roles in movies are:

  • ‘Sardar in ‘Sardar Vallabhai Patel’.
  • ‘Velji Bhai’ in ‘Sir’.
  • ‘Laxmi Das’ in ‘Krantiveer’.

His performances in ‘ Tamanna’ & ‘ Dandnayak’ has been also widely acclaimed.

Paresh has won ‘Best Actor’ award for 3 consecutive years in the Inter-Collegiate. He has received ‘State Drama Award’ for ‘Best Actor’ for 2 times. He has received National Award for the film ‘Sir’. He has been nominated on various occasions for Filmfare, Screen and other Awards.

Rajesh Mandavewalla has been the key person in the building of the ‘Welspun Group’ which boasts of a turnover of over Rs.300 crores. He is the Executive Director and Co-Promoter of the Welspun Group. He passed out from N.M. College in 1982 and qualified as a Chartered Accountant in 1984.

The well Known companies in the Welspun Group are:

  • Welspun India Ltd., flagship company dealing in cotton Yarn & Terry Towels.
  • Welspun Syntex Ltd. Is manufacturing and processing special Polyester Filament Yarn.

Welspun Indial is the largest producer of Terry Towels in the country and also the largest exporter of Terry Towels from India. The company has recently been given the ‘Award of Excellence in Exports’ by Prime Minister, Shri Atal Bihari Vajpayee.

Welspun also has a 50:50 joint venture with Zucchi, the $350 million Italian Textile Major, for manufacture of bathrobes. All the major units in Welspun Group are ISO 9000 certified.

Mayank Khandwala is one of the youngest persons, who has been elected as the member of the Managing Committee of the esteemed Mumbai Cricket Association. He was elected in the first attempt with the highest number of votes. Mayank passed from N.M. College in 1984.

By profession, Mayank is a Share & Stock Broker. He is Director of Jayantilal Khandwala & Sons Pvt. Ltd. Which is one of the oldest and most reputed Stock Broking Firms in the country.

Mayank has always had a great passion for cricket. He has been actively involved in playing cricket since 1974. He has been playing for ‘The Cricket Club Of India’ for the past 12 years and is the captain pf the team for the last 7 years. He has played cricket alongwith International Cricketers and also has the honour of captaining many International Stars of the country under him. He has also organized tours to various countries for ‘The Cricket Club of India’.

Mayank is also a Sub- Committee Member of ‘The Cricket club of India’ for the past 8 years and recently was also inducted in the Marketing Committee of the Mumbai Cricket Association.


Yasin Merchant is one of the most famous sportsman that India has produced. He passed out from N.M. College in 1987.

  • Reached a career best rank (65) in the World Professional Snooker Ranking. Only Indian Profession on the circuit.
  • Asian Snooker Champion, 1989 (Only Indian to achieve the distinction).
  • Winner of Arjuna Award for the year 1989.
  • Winner of Shiv Chatrapathi Award in the year 1989.
  • Special Award by the Ministry of Youth Afair, 1991 & 1992.
  • Sportsman of the year from India (Priyadarshini Award – 1989).
  • Indian National Senior Snooker Champion, 1991.
  • No. 2 in Asia 1991/92 (Amateur) & N0. 2 in Asia 1993, 1994, 1995 (Professional Ranks).
  • Represented India in the World Snooker Championship in Sydney, Australia (1988), in Singapore (1989) and Thailand (1991).
  • Represented India in the Asian Snooker Championship in Sri Lanka (1988), New Delhi (1989), Jakarta (1990) and Karachi (1991).
  • Winner Four National Invitation Trophy in Dhaka, Bangladesh (1988).
  • Finished second in the Malaysian Open Snooker Tournament (1987 & 1989).
  • Represented India in the World Junior Championship in England (1987).
Pinakin D. Desai is a practicing Chartered Accountant. He is the partner of P.D. Desai & Co. He passed out from N.M. in 1969. He was a part-time lecturer in Accountancy with N.M. College for 8 years. He is among the most active and respected member of ICAI. He has been the president of Bombay Chartered Accountants’ Society in the Year 1987-88 and also Chairman of Western Indian Regional Council of ICAI. He has also served on different committees of ICAI, BCA and Chamber of I.T. Consultants.

Pinakin has contributed in a number of Seminars, Conferences and Publications under the suspices of various professional bodies such as ICAI, WIRC & BCA.

Sonia Suri is presently studying in T.Y.B.Com. She is the captain of the Water Polo Team of Maharashtra. The team has won Silver Medal in the Senior Water Polo Championship held in Bangalore. She has won the award of ‘Most Valued Player’ 3 times in a row.

Sonia has also won the Shiv Chatrapati Shivaji Award for swimming & Water Polo. She has won the National Title for Swimming in 100 & 200 m. brest stroke and also won 400 metre Individual Medley for 3 years.

In academics, Sonia has achieved 84% in S.S.C. and 79% in H.S.C.

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