Hemal Shah

Hemal leads the Corporate Treasury and Commodity Advisory practice at EY in India. With over 27 years of relevant experience in advising organizations in areas of business performance, financial risk transformation, financial risk management and financial cost management, he plays a pivotal role in enabling organizations to institutionalize change management to accelerate their growth and risk enabled performance agenda. He has worked closely with various global, large, and mid-sized companies in treasury optimisation, commodity trading and risk management set ups, market risk management, financial supply chain analysis, cash flow planning, and liquidity management.

Hemal holds a bachelor’s degree in commerce from the University of Mumbai and is a qualified Chartered Accountant.

How Hemal is building a better working world

“The evolving paradigm in financial risks, related to supply chain and incidental costs, are driving substantial transformational challenges for shareholders, regulators, and strategic management groups. It is my constant endeavor to enable companies to enhance efficiency, exercise better control over risk and cost factors; and most importantly, debottleneck performance inertia. This includes managing investment portfolios, retirement fund portfolios, and surplus deployment while mitigating interest rate risk and currency risk to achieve P/L neutrality and reduce P/L volatility."

Hemal's expertise extends to optimizing the financial supply chain cost, reducing finance costs, and negotiating bank fees and bank charges. He is adept at streamlining collection cost reconciliations and minimizing B2C costs through treasury automation and digitisation. His strategic vision in treasury transformation has helped shape target operating models for numerous firms.

In the realm of commodities, Hemal has guided companies through commodity risk, navigating commodity trading regulations, and the set up of trading entities. His acumen in price risk management and establishing hedging desk set up has been invaluable. Hemal is also well-versed in Treasury Technology, including Commodity or Energy Trading and Risk Management systems, Treasury Analytics, Commodity Analytics, and Hedging analytics.

He has a keen eye for identifying value leakage in secondary commodity costs and provides solutions that enhance trade finance operations. His counsel on short term borrowings and working capital financing has been crucial for clients looking to optimize their treasury centres assessment and overall financial health.