Mathew Vezqavni

Mathew Vezqavni · Chief Financial Officer · India

From supporting an entry to explaining the enterprise decision

Jun 2022 — Present

Chief Financial Officer

Nezqamvi Mobile Power

Sector
Mobile battery rentals and temporary-power project services
Ownership
Founder shareholders 44%; growth investor 41%; employee vehicle 15%
Company scale
₹72 crore FY ending March 2026 revenue: rentals ₹47 crore; project services ₹25 crore
Employees
230 at March 2026
Geography
Ranchi-led Indian regional deployments
Reporting to
CEO Leena Tevqarmi
Team
Eighteen finance colleagues through three leads
Financial scope
₹2.4 crore annual finance-function expense; enterprise investment recommendations require delegated approval

Mandate

Connect fleet activity, commercial commitments, asset estimates and the financial account used for enterprise decisions.

Outcomes

  • Separated 31,500 scheduled unit-days into billable, movement, unpaid-hold and service categories.
  • Brought the conditions behind the residual estimate into the asset review.
  • Revised a project-cost comparison before the customer agreement was completed.
  • Kept input-energy cost separate from delivered-energy quantities.

Decisions in context

My current remit brings eighteen finance colleagues together through three leads. I report to the CEO and have ₹2.4 crore annual function expense, while the company's ₹72 crore revenue describes the enterprise rather than my spending delegation. The fleet contains 120 units with 30 MWh aggregate nameplate storage energy. Those facts need to remain distinct from the days the fleet earns and the energy customers receive. The expansion, residual-value, relocation and energy-cost cases show how I bring operating evidence into a financial recommendation. Engineering retains responsibility for technical suitability and condition. I hold 0.1% of total equity within the employee vehicle and have no statutory seat. Board presentation is part of the executive role; it is not board membership. A possible outside appointment would need to fit my continuing employment and would require a separate review of relationships, preparation and capacity.

Reason for the move

Current role; considering a carefully bounded first outside contribution after preparation and relationship review.

Jan 2018 — May 2022

Finance Director — functional appointment

Nezqamvi Mobile Power

Sector
Temporary-power rentals and project support
Ownership
Privately held founder and investment ownership
Company scale
₹51 crore revenue, FY ending March 2019
Employees
184 at March 2019
Geography
Indian regional customer projects coordinated from Ranchi
Reporting to
Chief Executive Officer
Team
Fifteen finance colleagues
Financial scope
₹1.8 crore annual function expense

Mandate

Develop management reporting and the financial review of an expanding rental and service business.

Outcomes

  • Owned the 2020 dashboard error that allowed collections to imply earned activity.
  • Supported the controller's separation of refundable deposits from earned amounts.
  • Corrected the management account before statutory closing and retained the review expense.

Decisions in context

The finance-director title described my functional appointment, not a statutory directorship. Fifteen colleagues worked within a ₹1.8 crore annual expense envelope, and I reported to the CEO. I wanted management to receive a faster account of the business, which made the collections dashboard attractive. In 2020 I approved its presentation without giving enough attention to the meaning readers would take from it. Asha's review separated the customer deposits and forced me to correct an account I had promoted. The experience changed how I reviewed a management measure: its arithmetic and reconciliation were necessary, but its likely interpretation also needed approval. I retained responsibility for that error when moving into the CFO role. The promotion did not turn the correction into an unqualified success story or erase the ₹27 lakh spent on review and the supporting record.

Reason for the move

Appointed CFO as the company required an integrated enterprise finance remit.

Concurrent appointment

The word director was a functional title only; no board appointment or statutory seat accompanied it.

Sept 2011 — Dec 2017

Financial Controller

Nezqamvi Mobile Power

Sector
Temporary-power equipment services and rentals
Ownership
Founder-backed private enterprise
Company scale
₹19 crore revenue, FY ending March 2012
Employees
75 at March 2012
Geography
Ranchi and regional Indian project locations
Reporting to
Head of Finance
Team
Nine finance colleagues
Financial scope
₹1.1 crore annual function expense

Mandate

Build a reliable account of equipment commitments, customer receipts and project costs.

Outcomes

  • Connected project records to the finance account at closing.
  • Separated employer revenue from the expense responsibility of the control team.
  • Developed the review discipline later used in management reporting.

Decisions in context

I joined a seventy-five-person temporary-power business as controller, with nine colleagues and ₹1.1 crore annual function expense. The company in 2011 was not the current mobile-battery fleet; its work included temporary-power equipment services and rentals. That distinction matters because the later asset mix should not be projected backwards onto my first years in Ranchi. The role brought me closer to project records, customer agreements and the costs incurred between deployment and return. I learned to ask which event supported a finance entry and what remained outside the record available at closing. The work required cooperation with service and commercial teams rather than authority over their technical decisions. After six years, the move into functional finance leadership broadened my responsibility from the quality of individual accounts to the way management used them across the business.

Reason for the move

Promoted to lead the finance function as the business broadened its rental and project activity.

Mar 2004 — Aug 2011

Branch Finance Manager

Tezqermni Equipment Leasing

Sector
Regional equipment leasing and rental support
Ownership
Privately owned regional business
Company scale
₹26 crore revenue, FY ending March 2005
Employees
110 at March 2005
Geography
Indian regional branches and customer sites
Reporting to
Regional Finance Head
Team
Seven finance colleagues
Financial scope
₹54 lakh annual branch-finance expense

Mandate

Explain branch collections, agreements and expense commitments in a usable local finance account.

Outcomes

  • Developed staff responsibility alongside branch financial review.
  • Brought customer-agreement context into the explanation of receipts.
  • Learned the resource demands between rental approval and equipment return.

Decisions in context

Branch finance put seven colleagues and a ₹54 lakh expense envelope within my remit. The employer's ₹26 crore revenue and 110 employees described the business at the stated period, not the size of my team. I worked with branch managers whose immediate concerns were customer commitments, equipment availability and payment timing. A finance answer that ignored those concerns was unlikely to be useful, but accommodating them did not mean accepting every interpretation of a receipt or expense. I learned to bring the agreement into the discussion and to explain why an amount belonged in a particular part of the account. The role gave me practical management experience before I moved to Ranchi. I wanted a closer view of project work and the obligations carried across a deployment, which made the controller position a deliberate change in scope rather than merely a larger title.

Reason for the move

Moved to a growing project-services enterprise for broader control responsibility.

Jun 1997 — Feb 2004

Accounts Assistant

Tezqermni Equipment Leasing

Sector
Equipment leasing accounts and branch support
Ownership
Private regional rental enterprise
Company scale
₹7.2 crore revenue, FY ending March 1998
Employees
44 at March 1998
Geography
Indian regional leasing customers
Reporting to
Branch Accountant
Team
Individual contributor under the branch accountant
Financial scope
No spending delegation

Mandate

Support reconciliations and the records connecting customer agreements, receipts and equipment activity.

Outcomes

  • Learned to trace entries to supporting records.
  • Developed care in distinguishing a receipt from the obligation behind it.
  • Built practical experience before taking staff responsibility.

Decisions in context

I began work in June 1997, after completing my commerce degree in May. The forty-four-person business gave me a practical introduction to agreements whose financial consequences continued beyond the day equipment left a branch. I worked under the branch accountant, without staff responsibility or authority to commit expenditure. My contribution was to make the supporting records clear enough for senior colleagues to review. I learned that a bank entry could be easy to verify while the commercial event behind it still needed explanation. That early lesson did not make me immune to the later dashboard error; the biography keeps both facts. Over time I took on more coordination and earned the opportunity to manage branch finance. The progression was from careful support work into responsibility for other people's accounts, not an immediate leap from graduation to enterprise finance leadership.

Reason for the move

Promoted into branch finance management after sustained accounts and coordination work.

What I am looking for next

I am interested in a first outside board contribution where asset use, commercial obligations and the financial account need to be examined together. A regional rental, equipment-service or project business could benefit from questions I have learned to ask about earning events and estimates. I would need to learn that company's customer relationships and operating constraints before assuming that a battery-rental example applies. I am not seeking to take over its finance function from a board seat.

My current CFO employment, employee equity and customer, supplier and investor relationships would need a documented review. I have provisionally identified twenty-two days a year for preparation, meetings, visits and follow-up, but that is a planning allowance rather than an unconditional commitment. Exceptional demands and the current employer's expectations could change the assessment. I have not yet registered with the IICA databank and do not claim an assessment pass or exemption. The next step is preparation and a properly scoped conversation about the prospective company's needs, followed by the applicable appointment process. A senior finance title and experience presenting papers are relevant background, but neither establishes independent status or readiness for every committee responsibility.