Rustom Tevqesni

Rustom Tevqesni · Chief Strategy Officer · India

Learning to live with the recommendation after the presentation

Chief Strategy Officer

Navqetri Writing Stores

Sector
Premium writing instruments, refills and notebooks in retail and institutional wholesale
Ownership
Founding family 41%, growth investors 40%, employees 19% including personal 0.6%
Company scale
FY ending March 2026: ₹118 crore revenue and ₹9.6 crore operating profit
Employees
260 people across eighteen showrooms and supporting operations
Geography
Surat headquarters and Indian retail and institutional customers
Reporting to
CEO Anika Delqevri
Team
Fourteen strategy colleagues through three leads
Financial scope
₹4.2 crore annual strategy-function expense; no company P&L or capital approval

Mandate

Make commercial assumptions, retained commitments and shared dependencies visible in enterprise choices

Outcomes

  • Corrected my classification of ₹42 crore repeat-customer revenue before a proposed acquisition proceeded
  • Recommended a narrower franchise first wave after exposing retained inventory and support
  • Sequenced five initiatives around six shared specialists
  • Included a continuing support account in the retirement of six pen models

Decisions in context

I became CSO in January 2020 and now lead fourteen colleagues through three leads within ₹4.2 crore annual function expense. Navqetri employs 260 people across eighteen showrooms and supporting operations, with ₹118 crore revenue and ₹9.6 crore operating profit for FY ending March 2026. I report to Anika Delqevri; financial valuation and funding remain with Zubin Nevqesmi. The acquisition classification I wrote in 2020 is an owned error within this remit. Later cases concern licence minima, retained franchise funding, shared specialists and support after a range exit. I hold 0.6% within employee ownership and no statutory seat. My next development is to bring these commercial questions into collective oversight while learning beyond the retailer's context, without confusing a strategy recommendation with authority over company capital or the operating result still to be delivered.

Reason for the move

Continuing strategy remit while preparing for a first outside non-executive role

Concurrent appointment

The CSO appointment carries no statutory directorship.

Strategy-development Director

Navqetri Writing Stores

Sector
Writing-instrument retail and institutional supply
Ownership
Private retailer with family and external investment
Company scale
₹83 crore revenue for the financial year ending March 2014
Employees
210 employees at promotion
Geography
Indian showroom and wholesale activity coordinated from Surat
Reporting to
Chief executive officer
Team
Ten strategy colleagues through two leads
Financial scope
₹2.6 crore annual function expense

Mandate

Connect commercial expansion proposals with the arrangements and resources required to execute them

Outcomes

  • Developed an integrated account of growth proposals and their operating dependencies
  • Worked with functional owners rather than treating strategy as capital authority
  • Prepared for wider enterprise strategy responsibility

Decisions in context

The strategy-development director appointment began in April 2013. Ten colleagues worked through two leads within ₹2.6 crore annual function expense, reporting through me to the CEO. Navqetri had 210 employees and ₹83 crore revenue for FY ending March 2014. Director was a management title, with no statutory seat. I worked on connecting a commercial proposition with the arrangements and resources needed to make it workable. The role moved me beyond a planning calendar towards a fuller account of enterprise choices. It also taught me how easily a persuasive proposal can make dependencies appear secondary. I carried that learning into the CSO remit, although my later classification of repeat revenue shows that experience did not remove the need to challenge my own convenient language when a transaction narrative became compelling.

Reason for the move

Promoted to CSO

Concurrent appointment

Management-director title only; not a statutory appointment.

Head of Planning

Navqetri Writing Stores

Sector
Consumer writing products and institutional orders
Ownership
Privately held Indian retail business
Company scale
₹42 crore in the year closing March 2005
Employees
120 employees when Rustom joined
Geography
Surat-based retail and wholesale operation
Reporting to
Chief executive officer
Team
Six planning colleagues
Financial scope
₹1.1 crore annual planning expense

Mandate

Translate consumer evidence into recommendations that retain the retailer's continuing responsibilities

Outcomes

  • Moved from client research into continuing operating-company responsibility
  • Connected recommendations with stock, staffing and customer expectations
  • Built planning relationships with the owners who would execute decisions

Decisions in context

I joined Navqetri in September 2004 after fifteen years in consumer research. The business employed 120 people and recorded ₹42 crore revenue for FY ending March 2005. I led six planning colleagues within ₹1.1 crore annual expense under the CEO. The move changed the time horizon of a recommendation. Instead of handing a client an analysis, I worked inside the company that would live with its stock, people and customer consequences. I learned to ask what a proposed opportunity displaced and which functional owners needed to confirm its assumptions. The experience made planning more concrete for me: the quality of a presentation mattered less than whether its account remained useful when managers began carrying out the choice and encountered the commitments that had received little space in the original paper.

Reason for the move

Promoted to strategy-development director

Research Manager

Zhevqeri Consumer Research

Sector
Consumer research and commercial analysis
Ownership
Partner-owned private research practice
Company scale
₹29 crore revenue in FY ending March 1997
Employees
130 employees at appointment
Geography
Western Indian research teams serving consumer-business clients
Reporting to
Research partner
Team
Nine research colleagues
Financial scope
₹72 lakh annual function expense

Mandate

Make consumer evidence and its limitations useful in clients' commercial decisions

Outcomes

  • Led research colleagues with responsibility for the explanation accompanying findings
  • Distinguished customer interest from purchasing frequency and economic serviceability
  • Developed an interest in following recommendations into an operating company

Decisions in context

In July 1996 I became research manager at Zhevqeri. The firm employed 130 people and recorded ₹29 crore revenue for FY ending March 1997. Nine colleagues worked within ₹72 lakh annual function expense, and I reported to a research partner. The managerial challenge was to make evidence useful without concealing uncertainty or burying it in qualifications that did not help a client act. I began to distinguish the questions about interest in a proposition, frequency of purchase and the economics of serving that demand. Those distinctions later informed my retail strategy work, but at this stage I did not own a client's operating decisions or investment. Moving to Navqetri gave me the opportunity to learn what happened after the recommendation, when the business had to sustain the commercial choices it made.

Reason for the move

Joined Navqetri to take continuing responsibility for planning

Research Analyst

Zhevqeri Consumer Research

Sector
Consumer purchasing research
Ownership
Independent private research partnership
Company scale
₹6.8 crore company revenue for FY closing March 1990
Employees
Forty-five employees at career entry
Geography
Research practice serving western Indian consumer markets
Reporting to
Research group manager
Team
Five-person research group; I held an individual-contributor position
Financial scope
No delegated expenditure or people-management authority

Mandate

Analyse purchasing observations while learning which conclusions the evidence can support

Outcomes

  • Entered research after completing commerce in May 1989
  • Learned to distinguish an observation from the inference attached to it
  • Built the analytical foundation for later team responsibility

Decisions in context

I began as a research analyst in July 1989, two months after completing commerce at Veqzerni Commerce College. Zhevqeri was a forty-five-person firm with ₹6.8 crore revenue for FY ending March 1990. I worked in a five-person research group without direct reports or delegated spending. The appointment taught me to describe what an observed purchase or response actually represented before using it to support a broader commercial proposition. Senior colleagues retained client recommendations and the authority associated with them. My work was analytical, and the distinction between evidence and inference became a foundation for later leadership. The role began a continuous thirty-seven-year career. Its influence remains visible in my questions today, including the recognition that I failed to apply that early discipline carefully enough in my own 2020 acquisition paper.

Reason for the move

Promoted to research manager

What I am looking for next

I would like to contribute to a board that wants the commercial assumptions behind its strategic choices made explicit. My experience offers questions about habitual demand, licence obligations, retained franchise funding, shared capacity and the customer relationship after a product exit. It also includes a revenue classification I wrote incorrectly and had to repair. I would need to learn the receiving enterprise's sector, economics, people and actual governance responsibilities rather than assume retail strategy is a complete preparation. Fictional databank registration was completed in August 2026, but proficiency assessment remains unfinished and no exemption is claimed. My employment, 0.6% holding and relevant relationships require qualified review. Twenty-three provisional days need to cover induction, reading, meetings, travel and unusual demands alongside current work. I would explore a first appointment where a chair expects thoughtful commercial challenge and where I can accept another director's perspective without becoming an unofficial second strategy executive or taking over management's responsibility to implement the decision.