Somo is an independent Director, a trusted advisor to Governments and works as an associate Director in PwC
As a State Government’s nominated director on the Board of a public sector corporation he combines his professional perspectives on markets, industries, law, finance and investment banking to help shape State’s policies and regulates industry and public infrastructure.
As the Audit Committee chair he lends strategic direction, overseeing treasury, risks, compliance, litigations and financial controls. Being into corporate and public governance he serves successfully as a part time regulator for two decades.
In PwC, as an Associate Director, now, in its INR 10 billion Consulting Practice, he is into strategy, government transformations advising India’s federal and state Governments on public finance, policy and law making.
He made successful presentations to India’s Planning Commission, to India’s Ministries of Industries and Disinvestments besides Boards of Trade in Sri Lanka, Thailand and Egypt.
He leads now, a 5 year global project with the United Nations Common Fund for Commodities, Amsterdam.
Debt restructurings, strategy and litigation advisory are his newer forte for structuring investments in tech, telecom, media,
entertainment space. He is now the Advisor to one of India’s largest conglomerate on litigation, finance and transactions.
For over 25 years, he worked hands on in multiple roles, to build the PwC practice brick by brick. He was among India’s GAAP leaders belting out technical positions, setting reporting standards benchmarked with best of class US GAAP, IFRS and UK GAAP.
In the Firm’s investment banker role, he built up the East’s practice from scratch – managing marque M & A s and PwC’s first global listings (GDRs/ADRs) across NYSE, NASDAQ, AIMs, LSE and HKSA. He worked with top PE s like GE, Lehman, Starwood, Credit Suisse, Carlyle, DEG and FMO – managing a sizeable deal book he built till he turned near full time regulator in 2010.
Somo held eventful stints in regulatory roles and community services concurrently with his professional duties.
In 2001-04 was the elected Chair of India’s accounting profession (ICAI); as top regulator set several GAAPs, VAT and Corporate laws besides being one of the youngest leaders of the 13,000 strong profession in the eight States of eastern India
He recently assisted a Committee of the Indian Parliament drafting India’s revamped land acquisition laws, the LARRA 2013.
As a college intern he assisted the G S Patel High Powered Committee in 1984 on stock exchange reforms –that saw the setting up of SEBI on the lines of SEC of US.
Since 2012 till date he has for the Government of West Bengal conceptualized, designed and shaped India’s first comprehensive
industrial land bank.
The Sick Industries Land Bank does a granular zoning, defined usage legislative framework and cloning of 40,000 acres of industrial land parcels held by around 500 units valued at ~ INR 600 billion for fast tracking inbound investments to help rejuvenate the State’s industrial economy. Pittsburg revival plan was one of the exemplars for benchmarking
In 2013 he was seconded as an Executive Assistant to the State’s Commerce, Industry, Information Technology and Parliamentary Affairs Minister.
In 2011 he wrote the Election Manifesto of a Federal centrist political party, the All India Trinamool Congress that currently runs the State Government and was off and on in the federal ruling coalition that ruled India till 2014.
In July 2017, an Advisor to the President Cricket Association of Bengal.