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Almus Risk Consulting:Monitor & Manage FX and Interest Rate risks,Prudent and Professional Management of Liquidity and risk
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The world is increasingly ‘getting smaller’due to rapid strides made in communication technology. The latest advancements in technology, reduced trade barriers loosening of capital controls and other factors have led to the growth of international business across the globe. Though international business has opened up new business opportunities,it has also thrown certain challenges.One such major challenge is the foreign exchange risk management. Despite the Indian economy has made much progress in increased participation in the global trade,still there are only few corporate treasury houses that are equipped to handle dynamics of Foreign Exchange Risk and integrate the same with risk of interest rate and core business risk.Considering that foreign exchange risk management has been a niche area within the treasury function of any corporate and there exists lack of skill set to manage the risk, AlmusRisk Consulting pioneered it self as an ‘Corporate Treasury Outsourced’ set up to manage currency and related interest rate risk on behalf of its clients.Minimize Risk to Maximize Profit
Established in 2012 as Outsourcing Treasury set up for corporate hubs, Almus has carved a niche in setting up a full-fledged in-house treasury.They help the corporate to face the volatile financial markets and handling risks that may occur from non-core operations, especially the exchange rate movement. With a team of 25 members, Almus leverages its expertise in managing risk arising from the exchange rate and interest rate movements and promises to partner with the corporate in sailing through the challenges.Elaborating on this, Maulik R Shah, Co-Founder & CEO, speaks, “As the traditional FX Risk management space is mainly focused on advising and sharing views which restrained to meet all the challenges on timely basis, we started off by offering a complete solution of advising & execution along with data management and performance measurement.”
“Almus assists corporates to manage the volatile financial markets and handling risks that may occur from non-core operations, especially the exchange rate movement”
Delivering good guidance and proper execution mechanisms, Almus offers a range of services that include complete outsourcing of FX Risk &Interest Rate Risk Management, High end consulting services, Advisory services for both short and long terms, preparation of research reports, risk management policy reviews and other services. Besides, the company also facilitates establishment of requisite bank relationships, preparation of MIS-reports, auditing byenabling a suitable treasury system and setting up a ‘Forex Treasury’ desk in-house.. “As a risk consulting firm, we manage the risk under import- export, ECB’s, PCFC, PSCFC, Buyer’s credit and such others. We facilitate our clients to focus on their core operations in order to enhance their business growth,” mentions Maulik.
Almus is proud to state that it is the only consulting firm in India having Corporate Dealing room with in-house research and execution capabilities. Almus provides clients with in-depth research, knowledge sharing, market intelligence and customer centric execution.Our client base including Chemicals, Gems & Jewellery, Healthcare, IT, Pharmaceutical, Steel, Textile, amongst others.
Vision is to provide a professional corporate Treasury
Headquartered in Mumbai and initially commencing with one office, Almusat present has three offices in Mumbai and Chennai respectively. With a turnover of 4X since its inception, the company has acquired Basix Forex based in Chennai and has merged with Prime Forex, a FX Consulting Firm.This has enabled Almus acquire the requisite expertise of over 15 years in this business.Almus has also tied up with a technology vendor in order to provide cloud based Treasury Management System to its clients. “We are building a state of the art corporate treasury managing risk functions of the corporate. Our vision is to be a leading risk consulting firm with Pan India presence and institution alising the functions of risk management with policy design and execution framework. “The strength of Almus is the core team experience in FX Treasury (including founders) of over 200 years”, concludes Maulik.