· Joining Samadrita are seasoned finance professionals Vandeep Singh Ratra as Vice-President Finance, Nikhil Periwal as Director-Finance Controller and Jagadeesh Shetty as Chief Accounts Officer
Bengaluru, 17th April 2023: ReshaMandi – the largest farm-to-fashion digital ecosystem for natural fibres in India – recently announced the appointment of Samadrita Chakravarty as its Group Chief Financial Officer(CFO). Samadrita will be overseeing ReshaMandi’s financial operations, long-term fiscal plans, management of assets, besides offering insightful predictions about the market, and their probable impact on the company’s fortunes. As CFO, Samadrita will be an integral part of ReshaMandi’s decision-making team, and will offer guidance on future investment, while constantly analysing the market to evolve risk management policies.
Samadrita is a qualified Chartered Accountant and Cost & Management Accountant with 27 years of experience in finance, and has expertise in fiscal management, accounting, general management, auditing — statutory and internal, risk management and strategic decision-making. In her illustrious professional journey, Samadrita has worked with some of the most respected financial and accounting institutions, including KPMG Global Delivery Center Ltd, PricewaterhouseCoopers (PwC), and Peerless General Finance & Investment Company Ltd.
On her appointment as ReshaMandi’s new CFO, Samadrita Chakravarty said,“I am excited to join ReshaMandi, one of India’s most promising start-ups with a dynamic business model. I am looking forward to my journey here, with the primary focus being on profitability as the company enters a new phase of growth.”
ReshaMandi’s Founder and CEO, Mayank Tiwari said, “We are pleased to welcome Samadrita to our leadership team. ReshaMandi will benefit from her vast experience, spanning nearly three decades, covering the entire gamut of financial operations. Her expertise in finance, auditing, and strategising, will help ReshaMandi turn net PAT positive over the next two quarters.”
ReshaMandi has also recently strengthened its finance leadership with the appointments of Vandeep Singh Ratra as VP of Finance and Nikhil Periwal as Finance Controller. These appointments will bolster the company’s financial management capabilities.
Vandeep is a seasoned finance professional with experience across diverse industries. In his role as finance lead at ReshaMandi, he partners with business teams to develop and execute effective strategies for multiple verticals. Nikhil, as Finance Controller, is focused on securing the company’s long-term financial prosperity through the development and implementation of effective financial strategies, meticulous control over financial operations, and comprehensive financial reporting. Jagadeesh Shetty has been part of ReshaMandi since its inception as Chief Accounts Officer and brings a wealth of experience to the team.
Achievement of EBITDA profitability continuously for the last six months in the year 2022-23 is a testament to ReshaMandi’s strategic and operational efficiency. With a goal to become PAT positive, within the next two quarters, the company remains focused on strengthening its financial position and enhancing stakeholder value.
ReshaMandi is India’s first and largest farm-to-fashion digital ecosystem for the natural fibre supply chain. With a vision to become the global leader in traceable and sustainable fashion, the company began with a focus on silk and has diversified by adding other natural fibres to its portfolio such as cotton, jute, coir and banana. ReshaMandi works with 100,000+ farmers, 10,000+ reelers, 17,500+ weavers, and 18500+ retailers in the entire natural fibre supply chain to improve productivity, boost their bottom line and eventually be instrumental in transforming the quality of their lives.
ReshaMandi also has a D2C e-commerce platform weaves.reshamandi.com, which caters to end consumers, bringing them exquisite sarees from different parts of India. Today, the company manages the entire ecosystem for all natural fibres catering to a diverse set of stakeholders such as farmers, reelers and weavers on one side and retailers, mills, manufacturers, exporters, corporates, designers and end consumers on the other. It is now serving the whole Indian natural fibres industry as a result of becoming the ecosystem’s chosen sourcing partner for all of its stakeholders. With its recent debut into the Middle East, Europe, North and South America, and SouthEast Asia, its mission is to enable the value chain of fabrics, apparel, home furnishings, and accessories through technology-first solutions that bring transparency, fair pricing, and quality to be the pillars of the fashion & textile industry.