Arman Qezlavi

Arman Qezlavi · Chief Operating Officer · India

The operating scope behind each change of responsibility

Feb 2021 — Present

Chief Operating Officer

Qevthari Commercial Leasing

Sector
Commercial refrigeration equipment leasing and asset services
Ownership
Founding-family interests 42%, institutional investor 48%, employee vehicle 10%; no personal allocation
Company scale
₹142 crore lease and service income, FY ending March 2026; ₹310 crore net leased-asset carrying value
Employees
360 company employees
Geography
Vadodara headquarters, six depots and 1,500 units placed with 210 enterprise customers
Reporting to
CEO Anita Qemqavi
Team
210 operations colleagues through five heads
Financial scope
₹54 crore approved FY 2026–27 operations expense; separate ₹42 crore fleet-capital programme approved through company governance

Mandate

Connect placement, service, replacement and return operations with the obligations and economics of the asset portfolio

Outcomes

  • Corrected supported off-hire charges without treating all return notices as completed obligations
  • Funded reserve assets and retained unsuccessful replacement callouts in the management account
  • Withdrew unsupported return charges and broadened a purchase comparison to include customer operating costs

Decisions in context

The COO role made me answerable for the operating account across the asset's use rather than for one service stage. I lead 210 colleagues through five heads and report to Anita Qemqavi, with Sanjay Zevquli owning finance. The operations expense remit is distinct from the fleet-capital programme and the company's net asset value. I have had to explain choices that reduce a familiar performance measure, including keeping replacement units outside ordinary leases. Other decisions separated the agreed rental end from our collection date and a repair need from a supported customer charge. I retain the unsuccessful cases and the costs because they define the limits of the intervention. Technical, contractual and accounting judgements remain with their qualified owners. My contribution is to make those judgements affect the operating plan and to show directors whether the capital and service account describe the same responsibility.

Reason for the move

Current role; considering a first outside board contribution after consent and fit review

Jun 2014 — Jan 2021

Operating Director — functional appointment

Qevthari Commercial Leasing

Sector
Commercial equipment leasing and associated service operations
Ownership
Founding-family, institutional and employee-vehicle ownership
Company scale
₹83 crore FY ending March 2015 income; ₹185 crore net leased-asset value
Employees
270 company employees
Geography
Vadodara and regional depots; 890 placed units
Reporting to
Chief Executive Officer
Team
140 operations colleagues through four heads
Financial scope
₹31 crore annual operations expense

Mandate

Coordinate depots, placement and service activity as the owned asset portfolio expanded

Outcomes

  • Brought a larger depot and service remit under four operating heads
  • Learned the limits of treating placement utilisation as the sole direction of improvement
  • Prepared the wider capital-and-service account later assumed as COO

Decisions in context

The operating director title was functional and did not appoint me to the statutory board. I led 140 colleagues through four heads with annual expense authority, reporting to the CEO. The larger portfolio made it easier to compare depots through a compact utilisation measure, and I initially encouraged that comparison. It helped expose assets waiting without a clear plan, but it could also obscure why some capacity needed to remain available for service commitments. I began to see that a direction useful for one category could be misleading when applied to the entire fleet. The role required more coordination with finance and commercial colleagues about what the company was selling alongside the equipment. Moving into the COO appointment widened that responsibility from organising the current operating work to explaining the capital and service consequences of the model, including the assumptions I had previously accepted too readily.

Reason for the move

Promoted to COO in February 2021

Sept 2007 — May 2014

Head of Service Operations

Qevthari Commercial Leasing

Sector
Owned commercial equipment leased to enterprise customers
Ownership
Privately held by founding-family and investment interests
Company scale
₹28 crore FY ending March 2008 income; ₹48 crore net leased-asset value
Employees
170 company employees
Geography
Vadodara and regional service locations; 320 placed units
Reporting to
Chief Executive Officer
Team
Sixty-two operations colleagues through three leads
Financial scope
₹8.4 crore annual operating expense

Mandate

Develop service operations for assets held through successive customer placements

Outcomes

  • Connected service records with the asset's later placement and return needs
  • Worked with qualified engineers on the conditions behind an installation commitment
  • Built the continuing ownership perspective needed for a wider operating role

Decisions in context

Joining the lessor changed the time horizon of my work. The company continued to own the equipment after a particular service visit or customer placement ended. A condition record and a repair choice could therefore affect the next commercial relationship as well as the present one. Sixty-two colleagues worked through three leads within a defined operating budget, while the asset value remained a separate company measure. I reported to the CEO and learned to connect the service sequence with the terms the commercial team had agreed. The work did not make me a refrigeration engineer or give me authority to interpret every contract. It made me responsible for ensuring that the relevant professional judgement reached the operating plan. The later promotion followed that broader understanding of assets held across time, rather than a belief that a large number of completed visits necessarily described a well-run leasing portfolio.

Reason for the move

Promoted to operating director in June 2014

Apr 2001 — Aug 2007

Regional Service Manager

Temzavi Maintenance Services

Sector
Commercial equipment maintenance coordination and field service
Ownership
Privately held by operating founders
Company scale
₹24 crore revenue for FY ending March 2002
Employees
140 company employees
Geography
Lucknow regional office and assigned commercial sites
Reporting to
Head of Operations
Team
Twenty-six colleagues through three supervisors
Financial scope
₹3.1 crore annual operating expense

Mandate

Coordinate field capacity, parts and customer preparation across regional service commitments

Outcomes

  • Took supervisory and expense responsibility for a regional operating team
  • Examined whether scheduled activity matched the customer's actual service requirement
  • Developed the planning experience used in the subsequent lessor appointment

Decisions in context

The regional appointment required decisions about capacity and timing rather than coordination of an individual booking alone. Twenty-six colleagues worked through three supervisors, with a defined operating expense remit under the head of operations. A full schedule could still leave important obligations poorly served if parts, access or the right technical capability were missing. I learned to discuss those conditions before treating activity as performance. The engineers and technicians retained their professional decisions, while I coordinated the work needed around them. I also learned that a customer should receive an explanation of a changed plan rather than a sequence of dates unsupported by the operating facts. The move to an equipment lessor followed a wish to remain responsible for the asset over a longer period, where the consequences of one service choice would return in later placements rather than disappear when a job record was closed.

Reason for the move

Joined Qevthari in September 2007 and moved to Vadodara

Jul 1994 — Mar 2001

Service Coordinator

Temzavi Maintenance Services

Sector
Commercial equipment service coordination
Ownership
Privately held by operating founders
Company scale
₹7.6 crore revenue for FY ending March 1995
Employees
49 company employees
Geography
Lucknow office and regional customer assignments
Reporting to
Service Manager
Team
Worked alongside four other service coordinators without supervisory responsibility
Financial scope
No delegated spending authority

Mandate

Prepare service bookings and follow access, parts and customer-preparation requirements under supervision

Outcomes

  • Learned to distinguish a recorded booking from a visit that could actually proceed
  • Maintained the conditions needed by qualified technical colleagues
  • Built practical operating experience before taking team and budget responsibility

Decisions in context

My first appointment followed the commerce degree in June 1994. I worked in a five-person coordination group without direct reports or spending delegation. The role involved arranging visits, explaining the next step and checking whether the conditions needed for service were available. I could not diagnose equipment or promise that every fault would be resolved on the first visit. That limit taught me to be careful with the difference between a booking and an achievable commitment. A technician's availability mattered, but so did access, parts and the customer's preparation. I learned to keep those questions visible instead of allowing a completed scheduling entry to imply that they had been answered. The later management role built on that practical grounding, adding responsibility for the resources and competing commitments that shaped the service plan across several customers.

Reason for the move

Promoted to regional service manager in April 2001

What I am looking for next

I am considering one first outside board appointment where capital invested in physical assets must be understood alongside the service the enterprise promises. I would bring an operating perspective on utilisation, reserves, site readiness and the evidence behind commercial treatment. The contribution would be to question whether the plan is credible and its results are reported honestly, not to direct another company's depots or overrule its engineers. I have no statutory seat despite executive presentations to directors. My fictional IICA registration began in January 2026 and the proficiency assessment was passed in June 2026, with no exemption claimed. Those steps do not establish independence or fit for a specific appointment. Twenty-six days is a provisional allowance to assess with my employer and the prospective chair, including preparation, travel and exceptional events. I would review links through customers, suppliers and investors before confidential discussion and seek complementary financial, legal and technical expertise. The right role should have a clear need for my judgement and enough induction to make that contribution responsible.