The Micro, Small and Medium Enterprises – Constitution of Committee for Revival of MSMEs in Tamil Nadu has announced that an expert committee consisting of industrialists, banking and financial experts and Government officials will be constituted to formulate schemes for revival of MSMEs.
Mr. R. Anand, Ex Partner, Ernst and Young and Chartered Accountant, and Member of RBI Committee on Asset Reconstruction Companies, was appointed one of the MSME Member.
Over 20 years’ experience in Sundaram Finance Ltd., Mr. Anand occupying several positions between December 1985 and June 2006. His experience includes Internal Audit, Finalisation of Accounts, representing before Regulators like RBI, SEBI, CBDT Corporate Affairs. He also have three years’ experience overseeing Tamil Nadu business operations relating to Vehicle Financing. Last Position held Vice President (Corporate Affairs).
Mr. Anand has over 10 years’ experience as Partner in Ernst & Young LLP between July 2006 and June 2016 covering Tax and Regulatory aspects of various industries like Financial Services, Real Estate, Auto and Auto components, Media and Entertainment. Speciality areas include NBFC Regulations, Corporate Tax and Foreign Investment and Exchange control regulation and Corporate restructuring. Advised Domestic groups in restructuring of business to achieve operational and regulatory effectiveness. Integral part of Lead Advisory engagements attracting private equity and strategic partners in industries covering Pharma, Financial Services and apparel manufacturing.
Mr. Anand has worked several organisations including Nani Palkhivala Arbitration Centre, Chennai International Centre, MMTC Ltd., Five-Star Business Finance Ltd., Sterling Holiday Resorts Ltd., Ess Kay Fincorp Ltd., and Jasmine Concrete Exports Private Ltd.
Mr. Anand has held several positions including Member of Asset Reconstruction Companies (ARCs) Committee, Reserve Bank of India (RBI), Member of NIDHI Companies Committee set up by Department of Company Affairs in 2004, Member of CBDT Committee on Accounting Standards in 2002, Chairman, Taxation Committee, Madras Chamber of Commerce and Industry – 1996-2004, Convener of Study Group on Guidance note on Audit of Insurance companies in 2001, Past Chairman, South India Hire Purchase Association – 2003-04, Past Chairman, Indo American Chamber of Commerce, Chennai – 2006-07, Member of Research Committee of ICAI 2011-12, Member Governing Body of Young Men’s Indian Association (YMIA), Chennai, and Member Governing Body of Golden Jubilee Biotechnology Park for Women, Chennai.
Meanwhile, Dr. N. Sunderadevan, IAS (Retd.)., Former Industries Secretary, Government of Tamil Nadu, appointed Chairman of MSME. The other members appointed include Prof. M. Vijayabhaskar, Part time member, State Development Policy Council and Professor, Madras Institute of Development Studies (MIDS), Ms. Bindu Anand, former Member of RBI Committees on financial inclusion, SME Finance and Securitization. Currently, Cofounder and Chair of Dvara Trust, Mr. N. Balasubramanium, former Chairman and Managing Director, Small Industries Development Bank of India (SIDBI), Ms. Hemalatha Annamalai, Cofounder and Ex-CEO, Ampere Vehicles, and Past Chair, TiE Women, Mr. Israr Ahamed, Regional Chairman, Federation of Indian Export Organisations, and Mr. Anburajan, President, Tamil Nadu Small and Tiny Industries Association (TANSTIA).