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Almus Risk Consulting LLP: Expertise in Currency Risk Management and Forex Treasury Management & Outsourcing of Treasury
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The foreign exchange markets are generally volatile and at times undergo huge turbulence in few occasions in the past several years. The huge two-way swings in 2011 and again in 2013 in the USD/INR levels in a short span of time had a remarkable effect on corporate performance & profits. Maulik R Shah was CFO in Rosyblue, a global leader in diamond trading, and he has had hands-on experience on the importance of these situations. Along with Jayaram Krishnamurthy, who was Head, Treasury, in Rosy Blue started Almus Risk Consulting LLP in the year 2012.
Managing risks arising from ‘non-core’ operation such as exchange rate and interest rate movement has been a challenge for all the corporates who are involved in cross-border transactions. Almus, with its expertise in managing risk arising from exchange rate and interest rate movements, addresses this concerns fully and seemlessly. “We focus on integrating risk management objective with business objectives. Our advice is not restricted to sharing views on the market, it actually goes beyond that to address the need of the business,” says Maulik R Shah. The year 2014 was a big event year for Almus when they merged with them an 11-year-old veteran in the forex consulting business, M/s Prime Forex Consultants with more than 50 Clients provided inorganic push to the business. With Prime Forex merger, Venkatesh S Bijoor joined as third Partner.
Today, the firm provides expert solutions in currency risk management and Forex treasury Outsourcing work. The concept of Outsourcing Currency Risk management was new to the corporate when Almus came into being. “Selling this concept was the task; There is natural resistance when it involves outsourcing of key decision making like hedge operations,” recollects Maulik Shah, Co-Founder& CEO, Almus Risk Consulting LLP. According to him, it was the team’s prior experience in the industry that helped them overcome these odds successfully.
Managing risks arising from ‘non-core’ operation such as exchange rate and interest rate movement has been a challenge for all the corporates who are involved in cross-border transactions. Almus, with its expertise in managing risk arising from exchange rate and interest rate movements, addresses this concerns fully and seemlessly. “We focus on integrating risk management objective with business objectives. Our advice is not restricted to sharing views on the market, it actually goes beyond that to address the need of the business,” says Maulik R Shah. The year 2014 was a big event year for Almus when they merged with them an 11-year-old veteran in the forex consulting business, M/s Prime Forex Consultants with more than 50 Clients provided inorganic push to the business. With Prime Forex merger, Venkatesh S Bijoor joined as third Partner.
We act as their partner and offer professional risk management solutions. It allows our clients to focus on the core operation of the business
Today, the firm provides expert solutions in currency risk management and Forex treasury Outsourcing work. The concept of Outsourcing Currency Risk management was new to the corporate when Almus came into being. “Selling this concept was the task; There is natural resistance when it involves outsourcing of key decision making like hedge operations,” recollects Maulik Shah, Co-Founder& CEO, Almus Risk Consulting LLP. According to him, it was the team’s prior experience in the industry that helped them overcome these odds successfully.
Bringing in credibility through unbiased services to the arena, the firm succeed in winning trust and confidence in a very short period. Almus has now become a trusted partner mainly because of its strong team that creates a strong structural framework for providing unmatched unique service to the clients. “We act as their partner and offer professional risk management solutions. It allows our clients to focus on the core operation of the business,” he expounds.The firm adopts a 360 degree approach towards risk management with its services ranging from Advisory Services, Consultancy, Risk Management Policy preparation & Review, Treasury set up on Turn Key basis, Outsourcing Treasury Management, Treasury Audit, Research reports, Risk Management Software Solutions and Training.
Over the years, Almus has created an effective network of clients, who regularly benefit from its services.
Today, the firm’s services span across various industries such as Gems & Jewelry Industry, IT & Pharma Industry, Textile & Steel Industry, Money Changers, etc., From a 5 member team in 2012, it has become a 18 members now. With a steady growth map that narrates its glorious journey, the firm has grown many times since its inception. Almus is now focusing on expanding its infrastructure and key people to accommodate more corporate players in the years to come. They are also open to acquisitions in the field.
We act as their partner and offer professional risk management solutions. It allows our clients to focus on the core operation of the business