Milind Sarwate

About Milind Sarwate

SummaryI am the Founder & CEO of Increate (https://increate.in/) – an Advisor, Independent Director, ESG Contributor & Mentor- in value creation, capability-building, and the governance & social aspects of ESG.My independent directorships include Asian Paints, Mahindra Finance, CEAT, Nykaa, and Hexaware. I specialize in audit committee roles. I have been on listed company boards since 2005. My previous board memberships include Mindtree and International Paper. My 40-year experience includes long stints as CFO and CHRO in Marico & Godrej. I am a Chartered Accountant, Cost Accountant, Company Secretary, & a CII-Fulbright means “Uncreated” or “Undiscovered”.I set up Increate in 2015 as my second career- a shift from employment to entrepreneurship.I help organizations & individuals discover, develop & deliver business & social value, using my 40-year executive experience and long stints as CFO & CHRO in Marico & Godrej. I contribute in multiple ways:Independent Directorships- Current & over the past 18 years• My current Directorships are across BFSI, IT, Health Care & Chemicals sectors, with audit committee & NRC roles• Listed- Asian Paints, CEAT, FSN E-Commerce (Nykaa), Mahindra Finance, Hexaware, SeQuent & Matrimony.com• Unlisted - Hexaware, OmniActive Health, Eternis Fine Chemicals & WheelsEMI• I have previously been on the boards of Mindtree, Geometric (InfoTech), Glenmark (Pharma), Metropolis (Healthcare), International Paper APPM (Paper), House of Anita Dongre (Apparel), CARE Ratings (Analytics)Advisory Work• I help Investors enhance Business Value, by helping build Capability in Finance, HR, & strategy, optimizing IPOs, M & As, Structuring, and mentoring promoters/leaders• I play “middleware” between Social & Corporate sectors, guiding CSR strategy & execution & helping NPO\'s grow & widen social impact• I am on the Advisory Board of Educo, a School Support NGOInvestment• I invest venture/angel capital in promising business/ social enterprises.Education, Awards, & Interests• I am a Chartered Accountant, Cost Accountant, Company Secretary & Commerce Graduate, and a CII-Fulbright Fellow-Carnegie Mellon University, USA• I have been awarded ICAI CFO Award (2011), CNBC TV-18 CFO Award (2012) & CFO India Hall of Fame induction (2013)• My interests are typically Indian- Cricket, Movies, Music & Politics. I love listening to the radio & keenly track News. I read widely, in both English & Marathi & am an avid social media user.

Experience

1. Independent Director & Chairman of the Audit Committee at Asian Paints

   Asian Paints

   Oct 2021 — Present · Mumbai, IN

   Asian Paints is India’s leading paint company with a group turnover of Rs 289 billion. Driven by its strong consumer-focus and innovative spirit, the company has been the market leader in paints since 1967, and has built an enviable reputation for professionalism, fast track growth, and building shareholder equity. The Asian Paints Group operates in 15 countries and has 26 paint manufacturing facilities in the world servicing consumers in over 60 countries.

Education

• University of Mumbai

  B Com ( Hons), Commerce

  1975 — 1979

• Institute of Cost Accountants of India

  Associate Cost and Management Accountant, Finance

  1980 — 1983

• The Institute of Company Secretaries of India

  Associate Company Secretary, Finance

  1981 — 1984

• Carnegie Mellon University, Pittsburgh, PA, U S A

  CII-Fulbright Fellowship, Leadership and Management

  1996 — 1996

• The Institute of Chartered Accountants of India

  Associate Chartered Accountant, Finance

  1979 — 1983

Skills

• Marketing Strategy
• Corporate Finance
• Negotiation
• Finance
• Fast-Moving Consumer Goods (Fmcg)
• Mergers
• Internal Audit
• Talent Management
• Mis
• Employee Engagement
• Accounting
• Personnel Management
• Business Development
• Strategy
• Succession Planning
• Financial Accounting
• Team Management
• Strategic Planning
• Mergers & Acquisitions
• Investor Relations
• Entrepreneurship
• Fmcg
• Accounting System
• Change Management
• Business Process
• Business Process Re-Engineering
• Management Consulting
• Performance Management
• Business Planning
• Financial Analysis
• Human Resources
• Leadership
• Business Strategy
• Strategic Financial Planning