Finance Monthly CFO Awards 2016 Winners Edition

www.finance-monthly.com OMAN Finance Monthly CFO Awards 2016 Vishal Goenka Group CFO at Renaissance Services SAOG About Vishal Goenka Mr. Goenka is a business professional with over 20 years’ experience. Currently working as Group CFO of Renaissance Services SAOG, a publicly listed Omani multinational company. Mr. Goenka has been working with Renaissance over the last 15 years. In that time, he has witnessed and participated in the growth of Renaissance, from a company with a turnover of USD 50 million to its current turnover of over USD 650 million with a total asset base of over USD 2 billion. Prior to joining Renaissance Mr. Goenka worked with one of the largest business houses in India and also with one of the big four global audit firms. His professional qualifications in Accountancy, Finance, Management and Information Technology have helped him to understand and provide right solutions to business demands. During his tenure at Renaissance, Mr. Goenka has raised funding of over USD 1.5 billion to support the growth ambitions of the company. He has been instrumental in raising various forms of financing to suit the requirements of the company. These include Term Loans, Subordinated Debt, Mandatory Convertible Bonds, IPO, Capital Market Bonds, Perpetual Notes, private equity, joint venture funds etc. Under his stewardship, and as part of its long term business strategy, the company divested its non- core businesses, and the capital raised from this was invested in the core business. Mr. Goenka is a founder member of Investors Relations Society, Oman. He believes in the Law of Karma and enjoys spending time with his family and nature. Gardening and walking in natural settings inspire him. His passion is to build a great team and set them on a path to deliver excellence. At the heart of his philosophical outlook on business, is that leadership is not about being liked, it is about doing what is right. He also believes in the mantra that if you “treat your people well, they will treat your customers well and if you help people to get to their goals, they will happily help you to get to yours. Mr. Goenka has great admiration for the Omani people and Oman, where he currently resides with his family. He feels that Oman’s strategy for development in the current low oil price environment is correct. Its focus on large, well planned investments in infrastructure development, such as ports, special economic zones, hospitality, healthcare and education will help Oman to deliver a proper path to success when sentiment improves. He believes that these are the steps that will lead Oman in the right direction. Mr. Goenka has spent the best part of his years in Oman with Renaissance, and is committed to ensure that Renaissance continues to deliver what is expected by all its stakeholders. Firm Profile The company has two core businesses; Offshore Support Vessels, providing marine solutions to the global energy industry, where the company is seen as one of the top 10 leading players in the world in this sector. The second is in Integrated Facilities Management, where the company, a key player in Oman, has been providing turnkey solutions in facilities management in Oman for the past 25 years, with an expanding regional presence. Over the last five years, the company has invested over USD 1.5 billion in its two core businesses, and these investments have improved growth and visibility for the future. In addition, several strategic market entry and acquisitions were made under Mr. Goenka’s watch. The company has also achieved excellence in corporate governance, management information systems, and investor relationships under his leadership as Group CFO. Renaissance has flourished and grown in Oman. Renaissance Management Team, Board Members and all employees have put forward their best efforts to make Renaissance the success story that it is today. Contact Details Vishal Goenka Group Chief Financial Officer Renaissance Services SAOG P O Box 1676, PC 114 Sultanate of Oman Tel: (+968) 24796636 Ext. 315 Email: vishal@tawoos.com Web: www.renaissance.om 58