Group reporting and consolidation
Headed a multinational group’s global record-to-report hub, built from ground zero in India: statutory reporting, group consolidation and financial close.
150+ subsidiaries · 7 countriesFounder
Sandeep Choudhary, ACA
Founder and principal reviewer, Pramanex
A finance leader who has run statutory reporting, consolidation and treasury for multinational groups, now reading annual reports the way the FRC will.
- 17+
- years in finance
- 150+
- subsidiaries consolidated
- 7
- countries
- ACA
- qualified professional, first attempt
About
Sandeep Choudhary is a qualified professional with more than 17 years in finance. He has headed record-to-report and treasury centres of excellence for a multinational retail group, run treasury for a high-growth technology group and been finance controller for an automotive manufacturer reporting under US GAAP.
He founded Pramanex because, from inside finance functions, he saw how published reports are made: assembled at the end of a long close, checked against checklists and rarely read end to end. Pramanex gives finance leaders and audit committees that reading first, the way the FRC would, while there is still time to act.
Experience
Where his judgement comes from.
Treasury, hedging and IFRS 9
Held treasury roles in three groups and built treasury and IFRS 9 centres of excellence: hedge documentation, effectiveness testing and expected-credit-loss models.
₹6,000 crore+ investment portfolioUS GAAP controllership in a SOX environment
Finance controller for an automotive Tier-1’s regional unit: close, forecasts and intercompany charges under US GAAP and Indian GAAP, with consistently satisfactory internal-audit ratings.
USD 100 million+ manufacturing operationIFRS conversion and consolidation systems
Lead IFRS consultant on a group GAAP-conversion and Hyperion HFM consolidation; later led an Oracle Fusion transformation and redesigned pension reporting.
Pension reporting: 45 to 15 daysWhat this means for your annual report.
- Your group accounts and notes are read by someone who knows how a close produces them, and where late adjustments enter.
- Financial instruments, hedge accounting and credit-loss notes are read for whether the policy, the numbers and the risk narrative agree.
- Each point is framed the way the FRC would raise it, with the page, the words and the rule, before the report is filed at Companies House.
Credentials
- qualified professional (ACA)ICAI
- PG Certificate, Emerging CFOsIIM Indore
- IFRS · US GAAP · Ind ASFrameworks
- SOXControls environment
Previously at Tesco · Lear · Ola · Essar
Former employers are named for career history only; none of them is a client, and none endorses Pramanex.
How he works
Four rules on every engagement.
- Reads every report. The engine proposes; he decides what reaches you, before release.
- One evidence standard. The page, the words, the rule and the workings, or the point is dropped.
- Independence first. Conflicts are disclosed before acceptance; he never reviews his current employer or its group.
- Observations, not an audit opinion. Your auditor, counsel and board keep their responsibilities.
Services are provided by Pramanex, a brand of Finversal Capital Services Private Limited, a company incorporated in India (CIN U66190OD2025PTC049940). Not an audit, review, certification or assurance opinion, and not legal advice. Pramanex is not a registered statutory auditor.
Your annual report will be in draft before the year-end audit.
Have it read before it is published.
Under NDA, with our reviewer on your insider list under UK MAR.