FOLIO 1Mar 2019 — Present
Chief Executive Officer and Executive Director
Qeraveli Home Linen
- Sector
- Home-linen shops, online retail and corporate gift sets
- Ownership
- Founder family 52%, patient-capital partnership 32%, management 16% including my 2.2%
- Company scale
- ₹486 crore revenue and ₹31.4 crore operating profit, FY ending March 2026
- Employees
- 1440 company employees
- Geography
- Ranchi headquarters, 29 shops and an Indian online business
- Reporting to
- Board chaired by Leela Velzhori
- Team
- Nine executive direct reports
- Financial scope
- Enterprise P&L; material capital commitments reserved to the board
Mandate
Choose and execute a coherent set of retail, property and supplier commitments
Outcomes
- Directed the approved ₹18.6 crore refurbishment of eight existing shops
- Narrowed the corporate gifting programme to thirty-one configurations
- Brought connected-property terms and supplier settlement into explicit executive and board decisions
Decisions in context
The CEO appointment brought enterprise profit and loss responsibility together with a statutory executive directorship. I report to the board rather than to one ownership group, although the founder family holds 52% and my own 2.2% sits within management's 16%. Nine executives connect the functions that previously reached me mainly through operations. The refurbishment decision required me to defend a less visible form of growth; gifting required a limit on the commercial offer; the property review required disclosure of relationships and my own incentive. Supplier settlement then exposed where my supposedly complete account still missed somebody else's cash burden. These are different decisions, but each asks me to explain the commitment the whole company is making. Material capital approval remains with the board, and my executive role does not make me independent of Qeraveli.
Reason for the move
Current appointment; considering one first external non-executive role
Concurrent appointment
CEO and executive director are concurrent responsibilities within the same company, beginning March 2019; counted as one current directorship.
FOLIO 2Jun 2013 — Feb 2019
Chief Operating Officer
Qeraveli Home Linen
- Sector
- Regional retail of bed, bath and table linen
- Ownership
- Family-controlled retailer with long-horizon outside capital and management participation
- Company scale
- ₹268 crore revenue, FY ending March 2014
- Employees
- 920 company employees at appointment
- Geography
- Nineteen shops across eastern and adjoining Indian trading areas
- Reporting to
- Chief Executive Officer
- Team
- Six operating leaders
- Financial scope
- ₹37 crore annual controllable operating expense; major capital and property commitments separately approved
Mandate
Connect buying, store operations and fulfilment across a larger estate
Outcomes
- Made assortment and store-space decisions part of the same operating review
- Brought trading disruption into the assessment of property work
- Connected seasonal operating demands with the executive cash discussion
Decisions in context
As COO I could no longer regard buying and shop operations as neighbouring departments with separate explanations. A range decision occupied space, changed handling work and affected how much stock the business needed to finance. Six operating leaders worked within a ₹37 crore annual controllable expense remit, while major capital and property decisions remained separately authorised. The nineteen-shop estate gave us enough variation to see why one shop's useful arrangement could be awkward elsewhere. I spent more time asking managers to explain the consequences of their recommendations for colleagues outside their own function. That did not remove disagreements; it made them available for an operating decision before they became excuses after execution. The role prepared me for enterprise responsibility by showing where a collection of locally sensible choices could still form an incoherent company commitment.
Reason for the move
Appointed CEO and executive director
FOLIO 3Jun 2007 — May 2013
Head of Buying
Qeraveli Home Linen
- Sector
- Home-linen retail through an eleven-shop estate
- Ownership
- Founder-family retail enterprise with minority external and management holdings
- Company scale
- ₹122 crore revenue, FY ending March 2008
- Employees
- 510 company employees at entry
- Geography
- Ranchi-led regional shop network
- Reporting to
- Chief Operating Officer
- Team
- Thirty-one colleagues through four managers
- Financial scope
- ₹46 crore annual merchandise-purchase envelope
Mandate
Choose a recognisable customer range within a finite stock commitment
Outcomes
- Connected range variety with its purchasing and storage implications
- Made supplier-side experience useful in retail assortment decisions
- Developed buying reviews that included slower-selling variations
Decisions in context
Moving from a supplier into retail buying changed which part of the negotiation I could influence. Thirty-one colleagues worked through four managers within a ₹46 crore annual merchandise-purchase envelope. We needed an offer customers would recognise and enjoy, but every additional variation made a claim on stock and attention. My earlier account experience helped me ask what happened before a finished product reached the shop and what happened when a buyer changed the intended mix. I also had to learn the retailer's legitimate constraints rather than assume the supplier's view was complete. An attractive display could hide slow-moving goods elsewhere in the account, and a narrow range could miss a reason customers visited us. The buying role taught me to make those trade-offs explicit instead of treating variety itself as evidence of a better commercial proposition.
Reason for the move
Promoted to chief operating officer
FOLIO 4Jun 2000 — May 2007
Commercial Accounts Manager
Norzeli Textiles
- Sector
- Textile supply to regional retail buyers
- Ownership
- Family-operated textile supplier with retained family equity
- Company scale
- ₹88 crore revenue, FY ending March 2001
- Employees
- 430 company employees at promotion
- Geography
- Cuttack commercial base serving Indian retail accounts
- Reporting to
- Commercial Director
- Team
- Nineteen colleagues through three managers
- Financial scope
- ₹18 crore annual account book; no company treasury authority
Mandate
Make buyer commitments workable across quantities, delivery and settlement
Outcomes
- Connected buyer variations with their production and packing consequences
- Developed account reviews that distinguished sales from collection timing
- Completed part-time management study while continuing in the role
Decisions in context
The account-manager appointment made me responsible for commitments that had previously appeared as individual merchandising questions. Nineteen colleagues and three managers supported an ₹18 crore annual account book, but I did not control the supplier's treasury. A revised colour mix could be commercially reasonable and still require a change in work already committed. A sale could be recorded while the cash needed for the next production decision remained elsewhere. I learned to discuss those consequences with buyers without turning every request into an accusation. Part-time MBA study, completed in November 2005, gave me a broader way to understand the enterprise choices behind the account. The eventual move into retail buying came from wanting to influence the earlier decisions that shaped these negotiations, while keeping respect for the supplier's practical constraints.
Reason for the move
Joined a retail customer-facing business as head of buying
FOLIO 5Jun 1992 — May 2000
Merchandising Analyst
Norzeli Textiles
- Sector
- Home-textile merchandising and regional supply
- Ownership
- Owner-managed textile business financed by its founding family
- Company scale
- ₹39 crore revenue, FY ending March 1993
- Employees
- 260 company employees at entry
- Geography
- Cuttack and surrounding commercial territories
- Reporting to
- Merchandising Manager
- Team
- Member of a seven-person team; no direct reports
- Financial scope
- No independent purchasing or expenditure authority
Mandate
Translate sample discussions into a clearer account of the proposed order
Outcomes
- Learned how colour and quantity choices affected the order behind a sample
- Tracked the distinction between buyer interest and an accepted commitment
- Built the account knowledge needed for commercial management
Decisions in context
I joined after completing my commerce degree in May 1992. In a seven-person merchandising group I had no direct reports and no authority to commit spending. My work involved following samples, buyer comments and proposed quantities until an order became sufficiently clear for colleagues to act. That taught me that enthusiasm and commitment were different stages. A buyer might admire a presentation without having settled its quantity, timing or commercial terms. I had to learn which uncertainty mattered to the next person doing the work and how to ask for clarification without pretending I had authority I did not possess. The eight years in this first role gave me a grounded view of textile trading. Later titles widened my responsibility, but the basic question remained recognisable: what has the customer actually agreed, and what are we now prepared to carry on that basis?
Reason for the move
Promoted to commercial accounts manager
What I am looking for next
I am considering one external non-executive appointment alongside my current CEO and executive-director responsibilities. The company would need to consent, and a proposed board would need to assess relationships, independence where relevant, capability and time. My eighteen-day annual allowance is provisional, including preparation, travel, committee work and unexpected events; it is not an open promise of availability. I have not yet registered in the IICA independent directors databank and would complete the applicable preparation before pursuing a seat. I would be most useful to a consumer or distribution business making consequential choices about its estate, seasonal commitments or supplier relationships. The transition I need to make is from recommending and executing the company's decision to helping another board test management's recommendation without taking over its work. My existing executive directorship provides experience of collective decisions, but it does not establish independence from Qeraveli or automatic suitability for another company. A chair should see both the operating contribution and the limitations clearly before taking a discussion further.