VINAYAK PAI V

Independent Consultant

Academics
1. Bachelor of Commerce (B.Com),
2. ICAI, India, Fellow member (FCA) of the Institute of Chartered Accountants of India,
3. Associate Member (ACMA) of the Institute of Cost Accountants of India,
4. ACCA, United Kingdom, Diploma in International Financial Reporting Standards (Dip IFRS)
5. Indian Institute of Management, Calcutta (IIM- Calcutta): 15 month Executive Program in Global
Business Management (EPGBM),
6. ACCA, United Kingdom, Certificate in International Auditing (Cert IA)
7. ACCA, United Kingdom, Certificate in International Financial Reporting Standards (Cert IFRS)
8. ACCA, United Kingdom, Certificate in International Financial Reporting Standards for SMEs (Cert IFRS for
SMEs)
9. Certified Corporate Director from Institute of Directors.
 Academic achievements
o 22nd Rank at the all India level in Chartered Accountancy Final examination (Nov 1994)
o Awarded 4 endowment prizes in the CMA (Institute of Cost Accountants of India) Final examination
for scoring the highest marks from Bangalore Chapter in Group 2 of Final examination and highest
marks in “Enterprise Performance Management” and “Business Valuation Management” and
“Strategic Management” papers.

Industry Experience
Infosys Limited (1995 to 2010)

 15 years industry experience with IT major Infosys.

 Specifically mentioned as key player responsible for the success of Infosys by Mr. N R Narayana
Murthy in his book "A BETTER INDIA, A BETTER WORLD" (Feb 2009 release)
 Vice President - Finance, Responsibility of Corporate Financial Controller and part of core top
management team and member of Joint Management Council.
 Recognized among the Top 10 GLOBAL MANAGERs of INFOSYS in 2009 (Employee strength of
100,000+)
 Winner of Infosys Awards for Excellence (Reported in annual reports of Infosys):

1. NASDAQ listing – 1999 4. SAP implementation

2. Secondary ADR Offerings 5. Systems and Processes
3. HR strategic initiatives 6. Value Champion
 Team lead at Infosys for IFRS implementation (first company in India to report under IFRS).
Program managed transition to USGAAP, IFRS implementation, SAP implementation and Business
Intelligence systems.
 Conducted series of workshops on Finance, Accounting, Controls and Strategic financial decision
making for the senior leadership of Infosys at the Infosys Leadership Institute, Mysore
Consultancy and Training Experience
Independent Consultant (2010 to date)

Consultancy spanning corporate finance, financial controls, internal audits, Enterprise Risk Management,
US GAAP, IFRS, Indian GAAP, IND-AS to corporates based in India and outside India.

 Convergence consultancy - US GAAP, IND-AS and IFRS

 Advising start-ups on financial structuring
 Consultancy on foreign exchange
 Trainings on IFRS and US GAAP to corporates
 Conducted series of corporate trainings and workshops on Indian GAAP, US GAAP, IFRS and IND-AS,
Valuations, Revised Schedule VI, Companies Act 2013,

Thought Leadership
 Author of 116 published articles (as of 9/2014) on IFRS, US GAAP and Indian GAAP in following
publications:
o The “Chartered Accountant” Journal
o “The Institute of Cost Accountants of India’s” Journal – The Management Accountant
o Taxmanns –“Corporate Professionals Today”
o Taxmanns – “The Law Weekly”
o Publication of “The Institute of Valuers of India”
 Regular speaker at various seminars and conferences on Finance, IFRS, Indian GAAP, US GAAP,
valuation etc. conducted by various bodies and institutions including:
o The Institute of Chartered Accountants of India
o The Institute of Company Secretaries of India
o Standing Conference on Public Enterprises
o ASSOCHAM
o Ministry of Corporate Affairs
o Bombay Chartered Accountants Society
o Karnataka State Chartered Accountants Association
o Institution of Valuers
o Institution of Engineers
o Office of the Comptroller and Auditor General of India
 Regularly quoted in the business press for views as IFRS expert

Others
 Nominated member of Financial Reporting Review Group of the Institute of Chartered Accountants
of India
 On the panel of Eminent Writers with Taxmann Publications.