About Me

BACKGROUND: Hemal Khandwala is a Bachelors in Engineering from Mumbai University followed by a Masters in Electrical Engineering and a Masters in Applied Mathematics with finance and economics as a major from Stony Brook University New York, USA. He has worked at Cummins Inc. USA, in various capacities from owning key automotive features to working in the risk management department in both of which he has received excellent employee awards. He holds two publications to his name in the fields of Banking and monetary policy one of which is coauthored with the Deputy Governor Dr. Viral Achaarya. He is a fourth generation active investor in the Indian Equity markets
INDUSTRY EXPERIENCE: He has about 10 years of experience in financial management , business strategy and valuation which he has deployed at various public and private enterprises some of which are:
• Optimal debt analyser and scenarios analysis to aid financial decision making - Cummins Inc
• Algorithmic high frequency trading and forming structured products - Renaissance Technologies LLP
• Impact cost analysis for vetting discount based marketing strategies and implementing a strategic framework for both market makers and the exchange as an effort to increase the turnover based market share for BSE - Bombay Stock Exchange
• Associated with the research arm of the Reserve Bank of India where in he has significant contributions in various policy making initiatives. Some of the noted ones include the reclassification of NPA norms to 90 days from 180 ays for NBFCs, Building simple solutions to guide banks to meet their Asset Liability Mismatch thereby optimising their loan book to aiding in bank classification based on their risk return profiles for efficient supervision etc. - CAFRAL (Center for Research & Learning)
• Co-founder Heritage Money market services Pvt. Ltd through which he consults various companies on developing winning business model that can create value for promoters along with all stakeholders in the business. As a part of the same he is also involved in developing and running Family Office’s for diversified business owners.
TEACHING EXPERIENCE: He has about 10 years of experience in teaching both in the USA and in India. He has taught subjects ranging from
• Higher Calculus at School of Mathematics, Stony Brook, New York, USA.
• Capital Markets and Risk Management at NMIMS School of Economics, Mumbai, India
• Financial statement Analysis, Financial Management and Business Plan Development at the SPJain Institute of Management and Research, Mumbai, India.
SKILLS
As a part his academics and as a part of his professional career he has gathered adequate knowledge in the field of Corporate Finance, Valuation and Economics. After his graduation he has had diverse set of experiences applying his skills in financial management and valuation to a wide spectrum of companies ranging from government, quasi government, public listed and private enterprises across the Indian Industrial landscape.
He has close to 15 years of experience in the capital markets in India and USA where in he has managed funds of his family and also clients from the family’s wealth management business. He manages an AUM in tune of INR 200 crores invested in the public and private space of India industry.
Along with the double masters he has completed a certification course in Artificial Intelligence from the father of AI Peter Norvich and Sebastian Thrun. This helps him understand the changing landscape of Indian industry with the burgeoning startup space where through data analytics or otherwise these applications are seen on a rise.

Hemal is based out of Mumbai and can be reached at Mobil: +91-9819448210 Email: hemal@egredietur.com

HEMAL KHANDWALA
PUBLICATIONS
I. The Growth of a Shadow Banking System in Emerging Markets: Evidence from India (Journal of International Money & Finance, May 2013 co-authored with Sabri Oncu, and Viral Acharya (Deputy Governor, Reserve Bank of India)
II. Yield Curve as a Leading Indicator in Predicting Economic Slowdowns: An Evidence from India (Journal of Stock & Forex Trading, Reference number: 2168-9458-4-147)
WORKSHOPS & SEMINARS
I. “Unlocking Value in Business”, June 2018, Goa State Industrial Association (GSIA)
II. “Unlocking Value in Business - Exemplified using case study of a listed Vaccination Company”, August 2018, Pareto Club of Business Network International & Goa chambers of Commerce
III. “Building a winning narrative - From business value to Strategy” ,September, 2018, Indian Institute of Management - Banglore
IV. “Workshop on Valuation driven Business Model Innovation - Exemplified using case of Uber”, October 2018, Indian Institute of technology - Delhi
V. “Financial Management and Value creation in Real Estate”, August 2019, The YOUTH Association Navi Mumbai
Hemal is based out of Mumbai and can be reached at Mobil: +91-9819448210 Email: hemal@egredietur.com