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Farooq VelmarviChief Executive Officer

Farooq Velmarvi · Chief Executive Officer · India

From explaining a service charge to owning the commitment

Apr 2020 — Present

Chief Executive Officer and Executive Director

Tarneshi Exhibition Logistics

Sector
Exhibition transport, storage and specialist packing services
Ownership
Founders 35%, employee vehicle 40%, domestic enterprise fund 25%; personal 0.06% included in employee holding
Company scale
FY 2025–26 revenue ₹112 crore: ₹68 crore transport and ₹44 crore storage/packing
Employees
261 enterprise employees
Geography
Bhopal headquarters and assignment-specific exhibition movements
Reporting to
Board chaired by Leela Darvenkar
Team
Six executive heads; Sanjay Pelnathi owns operations
Financial scope
₹87 crore annual operating responsibility and a separate ₹9 crore capital programme

Mandate

Make commercial promises carry the capacity, preparation and economics needed to fulfil them

Outcomes

  • Backed 120 repeat-fit crates used in 216 recorded movements over eighteen months
  • Introduced reserved-capacity agreements chosen by four of six pilot customers
  • Kept direct contribution distinct from net profit in the selected agreement

Decisions in context

Six executive heads support the enterprise I lead, with Sanjay accountable for operations and Leela chairing the board. The ₹87 crore operating responsibility and ₹9 crore capital programme are distinct commitments rather than a profit calculation. My 0.06% interest sits within the employee vehicle’s 40%. The crate programme required capital and preparation before all future use was known, and the capacity proposition required availability to be described as part of the service a customer chose. I wanted both decisions to retain their limits: repeat use did not prove a universal packing solution, and reserved capacity did not mean unlimited access to every crew. The role connects commercial ambition with the operating capability the company can actually keep ready. An outside appointment would have to fit alongside this existing executive and statutory responsibility rather than be presented as an empty space in my calendar.

Reason for the move

Current executive leadership; considering a carefully assessed outside-board contribution

Concurrent appointment

CEO employment and an executive-director seat in the same enterprise

Apr 2015 — Mar 2020

Chief Operating Officer

Tarneshi Exhibition Logistics

Sector
Operating leadership for regional exhibition logistics
Ownership
Privately held enterprise with founder, employee and domestic investor interests
Company scale
₹68 crore company revenue in the appointment’s closing year
Employees
184 enterprise employees at period end
Geography
Bhopal operating office with regional customer assignments
Reporting to
Chief Executive Officer
Team
Five functional heads across commercial delivery, packing and support
Financial scope
₹52 crore annual operating responsibility; separate ₹4.6 crore capital programme

Mandate

Bring accepted exhibition commitments into one practical operating plan

Outcomes

  • Recovered three overlapping assignments through partner support and approved work windows
  • Recorded the nine-team requirement against six available teams
  • Changed review of concurrent commitments after my own approval error

Decisions in context

Five functional heads supported my operating responsibility across the 184-person enterprise at period end. The ₹52 crore operating scope and separate ₹4.6 crore capital programme required decisions about readiness as well as completed assignments. In 2018 I accepted three exhibition jobs that together needed nine crew teams while six were available. We spent ₹42 lakh over four weeks arranging suitable partner support and customer-approved revisions to work windows. The revised plan was fulfilled, but that did not justify the original approval. I changed how concurrent commitments were examined so the same capacity could not appear available in separate papers without the overlap being discussed. Appointment as CEO widened the responsibility from recovering a difficult plan to shaping the commercial and investment choices that determine whether such a plan is sold in the first place.

Reason for the move

Appointed CEO and an executive director with enterprise investment and board accountability

Concurrent appointment

Commercial or operating employment without a concurrent statutory seat

Apr 2008 — Mar 2015

Commercial Director

Tarneshi Exhibition Logistics

Sector
Commercial leadership for exhibition transport and packing
Ownership
Domestic privately held specialist-service enterprise
Company scale
₹39 crore annual company revenue at appointment end
Employees
117 company employees at period end
Geography
Bhopal commercial office and assignment-specific customer locations
Reporting to
Chief Executive
Team
Twenty-nine commercial colleagues
Financial scope
₹5.4 crore annual function expense; operating deployment and capital approvals separately held

Mandate

Describe timing and preparation within the service being sold

Outcomes

  • Connected quotations with venue windows and handling conditions
  • Built joint commercial and operating review before acceptance
  • Kept client and qualified specialist approvals outside the logistics promise

Decisions in context

The commercial-director role brought twenty-nine colleagues and ₹5.4 crore annual function expense into my remit. Exhibition assignments made the consequences of a vague service description visible: the opening date, the available window and the preparation needed could each change what the company was actually promising. I worked with operating colleagues to bring those conditions into the account before acceptance. Clients and qualified specialists retained decisions about the exhibits and their suitability for particular handling arrangements. The later capacity error showed that a sound review of each assignment was still insufficient if concurrent work was never examined together. Moving into the COO role made that shared picture my direct responsibility. The commercial lesson remained that a promise should contain the operating conditions needed to understand it, rather than rely on a later team to discover and reconcile them.

Reason for the move

Promoted to COO across enterprise delivery and readiness

Concurrent appointment

Commercial or operating employment without a concurrent statutory seat

Apr 2000 — Mar 2008

Commercial Manager

Nelravi Freight Services

Sector
Commercial management for regional freight services
Ownership
Privately owned freight-services partnership
Company scale
₹26 crore annual enterprise service income at departure
Employees
83 enterprise employees at departure
Geography
Bhopal commercial practice with regional service assignments
Reporting to
Partner responsible for customer services
Team
Fourteen commercial colleagues
Financial scope
₹1.9 crore annual function expense; transport deployment decisions outside delegation

Mandate

Connect the charge accepted by a customer with the service obligation it creates

Outcomes

  • Clarified the preparation and availability behind service descriptions
  • Separated commercial approval from operating deployment authority
  • Built closer review between customer terms and delivery requirements

Decisions in context

Fourteen colleagues and ₹1.9 crore annual function expense formed the commercial-management remit. Customers needed a clear account of what they were buying, and operations needed that account to describe the commitment they would fulfil. I learned to ask which preparation and availability sat behind a charge rather than treat the invoice as a complete explanation of the service. Transport deployment remained outside my delegated authority. Joining Tarneshi made those questions more demanding because an exhibition opening could create a concentrated requirement that was difficult to move. The later COO mistake did not arise from ignorance of the relationship between terms and delivery. It arose when I reviewed individually plausible commitments without asking whether they could be combined. That distinction matters to the career: greater authority required a wider operating picture, not merely more confidence in a familiar commercial judgement.

Reason for the move

Joined exhibition logistics for a specialist service with more explicit timing and preparation needs

Concurrent appointment

Commercial or operating employment without a concurrent statutory seat

Jun 1992 — Mar 2000

Accounts Support Assistant

Nelravi Freight Services

Sector
Supervised freight-service accounts and record support
Ownership
Regional freight-services partnership
Company scale
₹6.3 crore annual service income at period end
Employees
31 enterprise employees at period end
Geography
Bhopal accounts-support office
Reporting to
Senior commercial accountant
Team
Eight-person accounts-support group; no line-management authority
Financial scope
No discretionary operating or investment budget

Mandate

Prepare service records and reconcile charges with the work described

Outcomes

  • Learned to examine what a service charge included
  • Supported senior colleagues without approving operating commitments
  • Developed interest in obligations hidden by a short invoice description

Decisions in context

I joined after completing commerce studies in May 1992. Our eight-person group prepared records and reconciled charges for senior colleagues. I had no operating, investment or management authority. The work made me ask what a service description included and which preparation was necessary even when it did not appear as a separate line on the invoice. That interest later developed into commercial and operating responsibility. It also explains why I want reserved availability to be visible in a customer agreement instead of depending on assumptions about future assignments. The early role did not make me an expert in exhibition handling or professional approval of contents. It gave me a discipline for examining the economic promise behind a charge, which later had to be combined with the operating judgement of colleagues responsible for the people and preparation required.

Reason for the move

Promoted into customer-facing commercial management

Concurrent appointment

Commercial or operating employment without a concurrent statutory seat

What I am looking for next

I would consider an executive mandate where the company wants growth to carry an explicit account of the capacity and preparation it consumes. The role should allow overlapping commitments to be reconsidered, repeat-use investment to retain its conditions and availability to become a service customers can knowingly choose. I would ask how commercial and operating leaders bring their concerns into one decision and how the board distinguishes capital, preparation expense and continuing readiness. An outside-board contribution would require further learning and an appointment-specific review alongside my current executive directorship. Twenty-four proposed annual days would need to include preparation, meetings, site learning and exceptional demands, with employer consent and a realistic capacity assessment before acceptance. I would seek a chair who wants the operating obligation inside a growth proposition examined without expecting directors to dispatch crews or negotiate every assignment. The contribution should improve the promise the enterprise chooses to make, not create a second management team responsible for recovering it.