BRIEF PROFILE OF ASHOK BARAT
Ashok Barat (DoB: 05.12.1956) is a Fellow Member of the Institute of Chartered Accountants of India and a Fellow Member of the Institute of Company Secretaries of India. He is based in Mumbai, India.
Mr. Barat superannuated in 2016 as the Managing Director and Chief Executive Officer of Forbes & Company Limited, a BSE listed company (established in 1767), having been earlier on the Board of Eureka Forbes Limited between 1997 and 2000.
Mr. Barat has held responsible and leadership positions in various Indian and multinational organizations, both in India and overseas. He began his career with Hindustan Lever Limited (as it was then known), and thereafter in positions of increasing responsibility, with them and amongst others, RPG Group, Pepsi, Electrolux, Telstra and Heinz (now Kraft Heinz). His major areas of influence and impact have been finance, M&A, strategy, management assurance and governance. He has worked in different roles, operational, staff and oversight, as a CFO, CEO, Managing Director and Country Manager. His industry exposure covers a wide span of FMCG, Durables, Telecom, Engineering, IT Enabled Services, Shipping, Oil & Gas, and Trading. His leadership skills and attention to details combined with sensitivity to multinational and legislated environments has played a key role in transforming the organizations into successful and responsible businesses. He has effectively led complex commercial, partnership and dispute negotiations with established counterparties.
Mr Barat has been a Member, (and Chairman in some), of the Board of various companies – listed, public and private, including joint venture with ‘Navratna’ and multinational companies. He has been a member of Audit Committee on some of these Boards. He has also been a Trustee on various public and private trusts, including being a Trustee of the Mumbai Port Trust for some years.
He is currently on the Board of a few companies, mentors budding entrepreneurs and advises companies on ‘Strategy’, ‘Performance Improvement’ and Governance initiatives. His clients include India’s best-known law firm, Indian and overseas business ventures that are innovative and disruptive in the areas of renewable energy, environmental protection and information technology.
He actively contributes to the business community, society, public life and government institutions. He is the Past President (2011-2012), of the Bombay Chamber of Commerce and Industry (the oldest chamber in India, established in 1836), and is presently a Member of the Managing Committee of ASSOCHAM. He has been on various committees of the Bengal Chamber of Commerce, ASSOCHAM, Bombay Chamber of Commerce and Industry, Institute of Chartered Accountants of India. He was a part time Faculty at the IIM, Lucknow during its early years (1987-89) and Curriculum Advisor to BIMTECH.
He is the Convenor of the Committee set up by the Bombay Chamber of Commerce and Industry to establish the country’s first institutional Mediation Centre for the resolution of commercial disputes. He is a Trustee of Tandarust Bharat Foundation providing clean drinking water to underprivileged people.
He graduated in Commerce from the Allahabad University in 1975 with the Chancellor’s Gold Medal and was the First Rank holder. He was a Rank Holder and won the prestigious A F Ferguson and R Venkatesan Awards for the best paper in Auditing in the examinations conducted by the Institute of Chartered Accountants of India (November 1978). Mr Barat is a Rotary Exchange Foundation Scholar (1986), and a regular speaker in educational and management institutes and various public forums. He is a Certified Mediator empaneled with the Ministry of Corporate Affairs, Government of India.