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Nandita RevqaniChief Operating Officer

Nandita Revqani · Chief Operating Officer · India

Ask what the operating result allows the board to conclude

My contribution to a board

I would help directors ask whether the operating account connects its stated result to the physical work and resources behind it. My experience includes correcting a stock-count interpretation I had endorsed, resolving a receiving-unit failure and funding a selective hub service whose local benefit created work elsewhere. Those cases suggest questions about evidence, authority and the boundary of a claimed improvement. A board should know what management has verified, what remains under review and which resource commitment follows its decision. I would bring that perspective without turning an outside appointment into an alternative operations department. The receiving company needs its own managers and specialist advisers. My contribution should help directors understand the proposal and its consequences, while leaving execution and individual stock adjustments with the people authorised to perform them. I would also ask whether a senior sponsor's own interpretation can be questioned through the company's reporting process.

Judgement in practice

01

An apparent difference still needed an explanation

The stock-count review found seventy-four apparent differences in 480 selected pairs, but fifty-one were explained by movement timing or posting. I would ask directors whether the evidence supports the label used in a risk report before they interpret every difference as loss. Twenty-three cases still needed investigation, and the later pilot did not establish universal accuracy or eliminate wider control requirements. The board should also know that I had approved the earlier account. An oversight contribution would challenge the conclusion and the follow-up responsibility, not direct the outcome of each investigation. Management and finance must retain proper evidence and adjustment authority. A clearer account should protect the quality of the decision without making uncertainty disappear merely because the report is uncomfortable.

02

The smaller delivery had a larger operating consequence

The break-pack service required ₹54 lakh capital and ₹14 lakh trial operating expense, with additional hub labour recorded during the pilot. I would ask a board whether a proposed shop improvement includes the work transferred to another part of the enterprise. The assessed product lines and the limits of the service matter as much as the attractive example of a smaller quantity. A theoretical reduction at a shop is not automatically company-wide cash release. My contribution would be to make that distinction visible in investment oversight and later review. Directors should understand the continuation criteria, while leaving managers to choose the daily replenishment and qualified product owners to determine which handling arrangements are appropriate.

My first year on a board

I would begin by learning how the receiving board hears about operational performance and how it distinguishes local results from enterprise effects. With the chair and management, I would follow one completed investment and one proposal still under consideration. I would ask which measures were defined before approval and which were added later to explain an unexpected result. Twenty-five annual days are an initial capacity proposal to test against the actual calendar, induction, travel and exceptional operating demands. I would seek feedback on whether my questions clarify the trade-off or pull directors into supervising the process. A useful first-year contribution could be a more explicit account of a recurring handoff or resource commitment, even where no immediate financial improvement can be attributed to the board's question. I would also learn how the board obtains specialist assurance without assuming that my own retail experience covers every operating risk.

Conflicts and their management

My current position gives access to stock practices, network plans, supplier arrangements, employee information and the priorities of the founding family and employee shareholders. An outside role needs a review of connections involving Kelqashi, its owners, commercial partners, service providers and competitors. I would disclose my 0.6% interest and relevant relationships before receiving restricted papers, with appropriate advice on eligibility, independence and committee participation. I would not carry our supplier terms or unpublished expansion plans into another board's decision, or use its operating information for my employer's advantage. Recusal may address a specific item, but repeated exclusion from the network decisions for which I was appointed could make the contribution ineffective. Capacity and any necessary employer consent also need agreement. I would decline an appointment whose practical value depends on confidential information I cannot properly share or a management role incompatible with my existing responsibilities.

My independence statement

My current employment and 0.6% employee shareholding are interests to assess before any outside role. Neither an executive title nor the absence of a statutory seat establishes independence.

Board and committee exposure

Presented to the Board or a committee

Kelqashi Stationery

Invited network-operations and investment reviews

April 2021–present

Presents stock-control and replenishment proposals as COO; no statutory appointment or committee membership.