- About Muhammad Shahid Farooq
Mr. Shahid Farooq is a Fellow Chartered Accountant with over 15 years’ post qualification experience in Pakistan, UK and Middle East. He has Finance, Audit and Consulting experience with exposure to Boards of Multinationals, Govt sector, Medium and Small businesses. Experienced in Oil & Gas, Engineering, Telecom, IT, Media and Consulting Sector
His key professional achievements include:
- Implemented restructuring of various departments, turning them into profitable unit.
- Significantly improved cashflow and reduced Working Capital days by 30% by resolving long standing disputes with customers.
- Led the system enhancement moving more than 10 subsidiaries on common platform.
- Developed project costing modules to calculate the real project profitability against the budget.
- Improve the tender Win ratio by 20% by smart pricing and combination of back office resources.
- Established the shared services back office function in Chennai, to manage the cost.
- Lead the negotiations with the clients for dispute resolution and release millions of dollars of stuck up funds.
- Transformed the finance team by structured training program, and achieved high retention rate.