Roxana VerqazliLeadership review 2026

Roxana Verqazli · Chief Financial Officer · India

From preparing the entry to challenging the programme

Sept 2021 — Present

Chief Financial Officer

Tevqalri Broadcast Rentals

Sector
Production-equipment rental and supporting services
Ownership
Family holding 47%; employee vehicle 23%; patient-capital fund 30%; no personal equity
Company scale
₹68 crore FY ending March 2026:₹46 crore hire and ₹22 crore supporting services
Employees
128 at March 2026
Geography
Panaji-based regional production-services enterprise
Reporting to
CEO Anil Qezhavi
Team
Sixteen finance colleagues through three leads
Financial scope
₹2.8 crore FY2026–27 function expense; separate ₹1.1 crore systems programme

Mandate

Connect financial decisions to the equipment, service commitments and remaining obligations that determine their actual consequence.

Outcomes

  • Made the direct-cost shortfall in a proposed assignment explicit before submission.
  • Supported a differentiated replacement and support programme for twenty-six units.
  • Separated repair funding from an unsettled insurance recovery.
  • Reframed a depot proposal around continuing commitments and transition costs.

Decisions in context

I report to Anil and lead sixteen finance colleagues through three leads. The company employs 128 people and records ₹68 crore FY2026 revenue, but those enterprise figures should not be confused with my ₹2.8 crore function expense or the separate systems programme for the following year. Farida leads operations and provides the equipment and service evidence needed for financial choices. I hold no statutory directorship and no personal equity. My board exposure is through presenting and discussing matters within the executive finance remit. The cases from this period concern a proposed contract, equipment support, repair funding and the economics of a depot move. Each preserves the professional judgements outside my own authority. The current role provides a substantial financial perspective without establishing that I have independently audited these decisions or already served as a non-executive director.

Reason for the move

Current appointment; outside-board interest remains subject to preparation, fit and capacity assessment.

Jan 2013 — Aug 2021

Financial Controller

Tevqalri Broadcast Rentals

Sector
Regional equipment rental and production support
Ownership
Family, employee and fund interests; no personal equity
Company scale
₹49 crore FY ending March 2017
Employees
104 in FY2017
Geography
Regional operating footprint
Reporting to
Then Chief Financial Officer
Team
Eleven finance colleagues
Financial scope
₹1.8 crore annual function expense in FY2019

Mandate

Prepare and challenge the financial account supporting operating plans and capital decisions.

Outcomes

  • Accepted responsibility for using one-off office proceeds in a recurring-capacity argument.
  • Helped revise a ₹6.8 crore proposed capital programme to ₹4.2 crore.
  • Retained the ₹16 lakh review expense and deferred proposals in the management account.

Decisions in context

The controller appointment began in January 2013 and continued through August 2021. By FY2017 the enterprise employed 104 people and recorded ₹49 crore revenue. My later remit covered eleven colleagues and ₹1.8 crore FY2019 function expense under the CFO. The 2019 planning error occurred within this role: I allowed a single office sale to support an argument about repeatable spending capacity. I participated in the review and presented the correction without claiming a statutory board position. The programme revision deferred expenditure rather than create a realised profit, and the review itself cost money. This period is important to the chronology because it shows both increasing financial responsibility and a specific limit in my judgement. The promotion that followed does not erase that error; the current account retains what I should have examined more carefully before approving the original presentation.

Reason for the move

Promoted to CFO after sustained controllership and operating-finance responsibility.

Sept 2006 — Dec 2012

Finance Operations Manager

Tevqalri Broadcast Rentals

Sector
Equipment hire, crew and transport services
Ownership
Fictional regional ownership interests; no personal equity
Company scale
₹29 crore FY ending March 2007
Employees
Seventy-six in FY2007
Geography
Regional production assignments
Reporting to
Financial Controller
Team
Seven colleagues
Financial scope
₹93 lakh annual function expense

Mandate

Connect operating records and equipment-service activity with the financial review used by management.

Outcomes

  • Developed the handover between operating evidence and financial interpretation.
  • Built a working relationship with qualified equipment and service owners.
  • Prepared for a broader controllership remit through more than six years of operating finance.

Decisions in context

I joined Tevqalri in September 2006, moving from fleet-cost analysis to responsibility for a seven-person finance operations team. The company had seventy-six employees and ₹29 crore FY2007 revenue. My ₹93 lakh annual function expense sat within the controller's authority rather than represent the enterprise budget. I worked with operating records that explained where equipment was used, what a particular service required and which costs belonged to an assignment. Farida's colleagues helped me recognise when a financial description needed more practical evidence before it could support a conclusion. I did not take over engineering approval or customer specification decisions. The contribution was to make those responsibilities and their financial consequences easier to examine together. More than six years in this role developed the judgement and relationships needed for the later controller position without inventing a quantified transformation that the fictional record does not demonstrate.

Reason for the move

Promoted into controllership after developing cross-functional financial responsibility.

Jun 2000 — Aug 2006

Fleet-Cost Analyst

Vemzatri Equipment Services

Sector
Regional equipment hire and associated support
Ownership
Privately held fictional enterprise; no personal equity
Company scale
₹16 crore FY ending March 2001
Employees
Sixty-one in FY2001
Geography
Regional customer assignments
Reporting to
Finance Manager
Team
Three colleagues
Financial scope
₹42 lakh annual function expense

Mandate

Examine the costs attached to specific equipment assignments and support management's review of hire activity.

Outcomes

  • Learned why average fleet costs can conceal an assignment's actual delivery requirement.
  • Connected external hire, crew and transport information in cost analysis.
  • Developed a first team responsibility before moving into broader finance operations.

Decisions in context

The first team role began in June 2000. Vemzatri had sixty-one employees and ₹16 crore FY2001 revenue, while I led three colleagues within ₹42 lakh annual function expense under the finance manager. The work concerned the cost of actual assignments rather than a claim to control the entire fleet or enterprise strategy. I learned that equipment with a similar label could have different suitability for a customer's specification. Outside hire, crew and movement costs could therefore change the economics of a proposal that looked attractive against averages. My responsibility was to make that difference visible for review, with operating colleagues retaining the relevant delivery judgements. The appointment lasted more than six years and provided the practical grounding for the later move. It was a period of learning and increasing responsibility, not an invented early record of executive board service.

Reason for the move

Moved to Tevqalri for a larger operating-finance remit.

Jul 1994 — May 2000

Accounts Assistant

Vemzatri Equipment Services

Sector
Equipment-service accounting support
Ownership
Privately held fictional enterprise
Company scale
₹7 crore FY ending March 1995
Employees
Thirty-four in FY1995
Geography
Supervised regional finance work
Reporting to
Accounts Manager
Team
Individual contributor
Financial scope
No delegated budget or direct reports

Mandate

Prepare supporting records and entries for a manager's review while learning the underlying equipment-service transactions.

Outcomes

  • Developed disciplined preparation under supervision.
  • Learned to connect invoices, equipment movements and customer assignments.
  • Built the experience preceding a first analytical and team appointment.

Decisions in context

I started work in July 1994 after completing a full-time commerce degree that May. Vemzatri employed thirty-four people and recorded ₹7 crore FY1995 revenue. I reported to an accounts manager, with no delegated budget and no direct reports. My work was to prepare and check records for approval, not to determine accounting policy or advise the board. Equipment movements and supplier invoices gave me a practical introduction to the activity behind a financial entry. I learned to ask for the missing explanation without pretending that an assistant could settle every commercial or technical question. Nearly six years in this position preceded the fleet-cost role. Keeping that scope visible helps a reader understand how the later career developed through ordinary work and successive responsibilities, rather than assuming that the present CFO title describes the authority I held from the beginning.

Reason for the move

Promoted after sustained supervised accounts experience.

What I am looking for next

I would explore an outside-board contribution in an asset-intensive service enterprise where the relationship between equipment, cash commitments and operating choices matters. I have presented financial matters to directors but have not served as a statutory director myself. My fictional preparation record remains not yet registered in the IICA databank, with no completed proficiency assessment or exemption claimed. Eighteen days is a provisional annual estimate that must be considered alongside the current executive role, induction, reading, travel and exceptional demands. I would disclose relevant employer, supplier, insurer and customer relationships before discussing a specific appointment. The absence of personal equity does not establish independence or resolve every conflict. A suitable next chapter would allow me to contribute financial challenge within collective oversight while developing the preparation the role requires. It would not turn the cases on this website into a substitute for nomination assessment, professional eligibility or the actual company's review of my capacity and fit.