Chief Strategy Officer
Velqerni Music Rooms
Apr 2021 — Present
- Sector
- Instrument retail with developing resale and rental services
- Ownership
- Founders 48%; regional investors 27%; employees 25%; no personal shares
- Company scale
- FY 2025–26 revenue ₹94 crore; operating profit ₹5.3 crore
- Employees
- 238 at March 2026
- Geography
- Gangtok headquarters and twelve specialist shops
- Reporting to
- CEO Nisha Verqlani
- Team
- Nine strategy colleagues through two leads
- Financial scope
- ₹2.1 crore annual function expense; no trading P&L or independent capital sanction
Mandate
Test alternative growth models against the work and capital they retain
Outcomes
- Recommended a bounded consignment trial with retained obligations explicit
- Kept idle fleet assets and scheduled rental charges separately visible
- Preserved financial and specialist authority in enterprise recommendations
Decisions in context
The CSO appointment concentrates on alternatives and enterprise recommendations rather than category execution. Nine colleagues work through two leads within ₹2.1 crore annual function expense. I report to the CEO and work with the CFO, whose financial assessment and reporting remain distinct from my strategy account. The consignment and rental proposals required product specialists and operating managers to describe responsibilities that a funding headline could conceal. I recommended bounded steps and review conditions without independently approving capital or assuming the trading P&L. My invited presentations to directors concern those choices, not a statutory appointment. The smaller team compared with my preceding category role reflects a changed remit. It has made me more deliberate about the evidence that belongs in the recommendation and the authority that must remain with the people who will carry the resulting service.
Reason for the move
Current appointment; considering a consumer strategy mandate and prepared first outside contribution
Head of Category Development
Velqerni Music Rooms
Apr 2013 — Mar 2021
- Sector
- Instrument categories, demonstrations and specialist retail service
- Ownership
- Privately held founder-led business
- Company scale
- Company sales were ₹71 crore annually at the end of the appointment
- Employees
- 192 at period end
- Geography
- Gangtok-led regional specialist network
- Reporting to
- Chief Commercial Officer
- Team
- Twelve colleagues through two managers
- Financial scope
- ₹2.6 crore annual function expense; category recommendations without enterprise P&L ownership
Mandate
Compare category opportunities with their service and resource commitments
Outcomes
- Revised the piano-room expansion recommendation personally supported
- Included direct category service costs on a consistent limited basis
- Recommended two trial rooms instead of the initial eight-room expansion
Decisions in context
I led twelve colleagues through two managers within ₹2.6 crore annual function expense. The role coordinated category recommendations rather than assigning me the retailer’s full trading P&L. In 2019 I supported piano-room expansion too readily on sales and gross margin. Finance and operating colleagues helped show why delivery, tuning, space and specialist capacity needed a fuller account. I revised the scale to a two-room trial while retaining the fact that pianos still had the larger absolute amount after the specified direct costs. The correction was about the basis for the investment, not a convenient reversal of which category was best. That experience prepared me for enterprise strategy by showing how my own analytical shortcut could become a larger commitment unless others had a credible route to challenge it before approval.
Reason for the move
Appointed CSO with enterprise alternatives and portfolio recommendation responsibility
Planning Manager
Velqerni Music Rooms
Apr 2006 — Mar 2013
- Sector
- Musical-instrument retail planning
- Ownership
- Private founder enterprise
- Company scale
- Retail revenue reached ₹38 crore annually by departure from this role
- Employees
- 119 at period end
- Geography
- Gangtok and regional instrument markets
- Reporting to
- Head of Finance and Planning
- Team
- Eight planning colleagues
- Financial scope
- ₹1.2 crore annual planning expense; investment approvals retained by executives
Mandate
Follow the operating commitments behind retail growth proposals
Outcomes
- Connected commercial alternatives with instrument-service requirements
- Brought store knowledge into planning assumptions
- Distinguished material dependencies from preference for an existing format
Decisions in context
Joining Velqerni let me follow the work after the investment paper had been approved. Eight colleagues supported planning within ₹1.2 crore annual expense, while executives retained investment authority. Instrument categories differed in the demonstration, handling and later service they required. Store specialists could explain those differences more clearly than a generic cost ratio. I wanted their knowledge in the comparison without making every complication a reason to reject a new format. The appointment taught me to ask which dependency could change the choice, who could assess it and what further evidence was proportionate to the commitment. That practical connection between analysis and execution became important later when I needed to revise a proposal I had supported. It also made me less willing to treat the end of a planning exercise as the end of responsibility for its assumptions.
Reason for the move
Promoted to coordinate category development and investment recommendations
- Sector
- Commercial comparisons and business-planning research
- Ownership
- Private professional partnership
- Company scale
- Annual company advisory fees stood at ₹19 crore by departure
- Employees
- 64 at departure
- Geography
- Regional commercial assignments coordinated from Gangtok
- Reporting to
- Engagement Director
- Team
- Six commercial-analysis colleagues
- Financial scope
- ₹74 lakh annual delivery expense; client decisions and capital approvals separate
Mandate
Make commercial assumptions and disputed dependencies inspectable to client owners
Outcomes
- Preserved material objections in shortened decision presentations
- Identified the basis and exclusions behind compared amounts
- Brought assumption owners into the recommendation discussion
Decisions in context
I supervised six analysts within ₹74 lakh annual delivery expense. Clients retained their decisions, and their finance specialists reviewed the commercial assumptions. My task was to make the comparison clear without making it falsely simple. I saw how an unresolved objection could disappear when a detailed working document became a short executive presentation. I began asking the owner of the assumption to explain its consequence directly so the final recommendation did not imply consensus that had never been reached. The role required discipline from me as well: a preference for one analytical method was not proof that an alternative was unsound. I moved into retail to follow those assumptions after approval and understand how the proposed commitments were actually carried by the business, rather than stop at the point where the client accepted the paper.
Reason for the move
Joined an instrument retailer to connect analysis with continuing operating commitments
- Sector
- Commercial analysis and planning support
- Ownership
- Privately owned advisory partnership
- Company scale
- Company annual service fees of ₹7 crore at period end
- Employees
- 27 at period end
- Geography
- Gangtok-based client research
- Reporting to
- Senior Commercial Manager
- Team
- Individual contributor in a four-person analysis group
- Financial scope
- Research and comparison remit without independent spending or investment authority
Mandate
Establish what each number described before using it to compare alternatives
Outcomes
- Separated estimates, allocations and commitments in working papers
- Prepared assumptions for senior review
- Learned to retain the basis behind a concise comparison
Decisions in context
I joined after completing commerce studies in 1992 and worked in a four-person analysis group. My assignment was to prepare research and comparisons for senior review, not to approve spending or decide a client’s investment. The work taught me that adjacent numbers could describe different things even when the table made them look comparable. A sales estimate, an allocated expense and a future commitment required different questions. I learned to record the basis and the exclusions before using a figure to support an alternative. That was a modest responsibility, but it shaped the way I later approached more consequential proposals. I also learned that a polished presentation could hide an unresolved assumption, so the reviewer needed a route back to the evidence rather than only confidence in the person who assembled the table.
Reason for the move
Promoted to supervise commercial research engagements
What I am looking for next
I would consider a strategy mandate in a consumer business evaluating new formats, service models or uses of capital. The role should let the team examine the continuing work behind an attractive revenue line and bring finance, operations and product specialists into the choice before its scale is fixed. I would want clear recommendation authority alongside the people who approve and execute the commitment. A first outside contribution could concern commercial assumptions and staged investment after further governance preparation. I would propose twenty-six annual days initially, including reading, induction, travel and exceptional demands, and assess that against my executive calendar. My board exposure consists of invited strategy presentations, with no statutory appointment. An experienced chair should help define the contribution beside other financial and sector expertise. I would avoid an appointment that expects confidential access to my employer’s future formats or requires an outside director to become the receiving company’s informal strategy manager.