ICAI — Institute of Chartered Accountants of India
A R Shankar & Co
Our Solutions

What We Do

Practitioner-led advisory that simplifies complex business challenges into practical, measurable outcomes — across CFO advisory, strategy, AI transformation, governance, and operations, drawing on 28+ years of senior leadership.

Featured Capability — FP&A Automation & Decision Intelligence
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Automation of FP&A

Rolling forecasts, scenario modelling, variance alerts, and zero-touch MIS reporting — reducing manual effort and improving reporting cycle times.

Decision Support Matrix

Structured frameworks that organise complex business data into clear options, helping leadership make informed choices with greater confidence.

CEO & CXO Dashboard

A consolidated leadership view of KPIs, P&L health, cash position, and operational metrics — designed for quick, informed oversight.

Business Variable Monitoring

Ongoing tracking of revenue drivers, cost levers, and working capital indicators, with alerts to support timely management action.

Full FP&A solution detail below
Core Capability

FP&A Automation & Decision Intelligence

Plan. Analyse. Decide — with better information.

A core capability of the firm — supporting businesses in moving from manual, backward-looking financial reporting to a more structured, near-real-time management information environment. We work with leadership teams to implement rolling forecasts, scenario tools, and dashboards suited to the size and complexity of the business.

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Areas of Support

  • Rolling forecast design and implementation
  • Scenario modelling and sensitivity analysis
  • CEO / CXO management dashboards
  • Decision support frameworks
  • Business variable monitoring and alerts
  • MIS reporting rationalisation and automation

Management Consulting

Diagnose. Redesign. Improve.

We work alongside leadership teams to understand performance gaps, review operating models, and support the design and implementation of practical improvements — with clear accountability and measurable milestones.

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Areas of Support

  • Operating model review and MIS build-out
  • KPI framework and dashboard design
  • Cross-functional workflow improvement
  • Controllership and financial reporting review
  • ERP implementation support and process alignment
  • Cost structure review and vendor management

CFO & Board Advisory

A senior sounding-board for complex decisions.

Founders, MDs, and Boards sometimes need a trusted, independent perspective — someone who understands both the strategic picture and operational realities, and can engage with candour and discretion. Our CFO Advisory practice brings that executive-level rigour to your toughest decisions.

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Areas of Support

  • Independent advisory for Boards and leadership
  • Confidential strategic counsel for CEOs and MDs
  • Fractional CFO and interim finance leadership
  • Investor relations and stakeholder communication
  • Regulatory and compliance risk review
  • Succession and leadership transition support

Strategy & Planning

Direction. Clarity. Execution-readiness.

We support leadership teams in developing structured plans — from annual operating budgets to longer-range strategy — and in translating those plans into clear actions with ownership and milestones.

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Areas of Support

  • Annual Operating Plans for multi-geography operations
  • Long-range strategic planning and scenario work
  • Market entry and competitive landscape assessment
  • Post-merger integration planning support
  • Governance structures and Board reporting
  • Strategic performance dashboards

AI & Digital Transformation

Intelligence at the core of your operations.

We integrate AI-native thinking into management consulting — from intelligent automation and decision intelligence to proprietary frameworks built on large language models. This is not AI experimentation. It is AI as a consulting discipline embedded in every engagement.

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Areas of Support

  • Agentic AI for finance and operations workflows
  • Intelligent document processing and automation
  • AI-enabled FP&A and forecasting
  • Decision intelligence and scenario modelling
  • AI governance and responsible AI frameworks
  • Digital capability assessment and roadmap

Governance & Compliance

Structure. Accountability. Trust.

Strong governance is not a constraint — it is a competitive advantage. We help organisations build the frameworks, processes, and culture that ensure accountability at every level and resilience against operational and regulatory risk.

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Areas of Support

  • Corporate governance review and strengthening
  • Board structure and committee effectiveness
  • Risk framework design and implementation
  • Regulatory compliance review
  • Internal controls and audit readiness
  • ESG governance foundations

Process Automation

Reduce manual work. Improve cycle times.

Manual and error-prone processes affect both productivity and reliability. We help identify where automation can add the most value, design improved workflows, and support implementation across finance, operations, and compliance.

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Areas of Support

  • Process mapping and bottleneck identification
  • Finance close cycle improvement
  • Cash conversion and DSO review
  • Revenue assurance and billing integrity
  • Accounts payable and receivable process improvement
  • Compliance reporting rationalisation

Funding Readiness

Structure your business for investor conversations.

Investors look for clear thinking, credible financial information, and a coherent growth narrative. We help founders and promoters prepare the materials and structures needed to engage investors with confidence.

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Areas of Support

  • Financial model development and projection review
  • Business plan structuring
  • Pitch deck financial narrative support
  • Due diligence preparation and data room setup
  • Valuation context and cap table review
  • Pre-Series A, B, and PE/VC engagement preparation

Growth & Turnaround

Stabilise. Recover. Rebuild.

When businesses face margin pressure, cash flow constraints, or post-crisis challenges, we provide a structured assessment and a practical plan — and remain available through implementation to support course corrections.

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Areas of Support

  • Financial health diagnostic
  • Working capital management and cash flow review
  • Cost reduction and EBITDA improvement
  • Operational restructuring support
  • Creditor engagement and insolvency advisory
  • Post-stabilisation growth planning
How We Work

Our Engagement Approach

Every engagement is structured, time-bound, and designed to deliver measurable outcomes — not lengthy reports without implementation support.

01

Discovery

A structured diagnostic — understanding the business, its people, financials, and where the key gaps or opportunities lie.

02

Structured Plan

A clear, time-bound plan with defined ownership and milestones — developed collaboratively with your team.

03

Implementation Support

We remain available through implementation — to review progress, address obstacles, and adapt the plan as circumstances evolve.

04

Measure & Embed

Outcomes tracked against the baseline. Where possible, improvements are embedded in process and systems for continuity.

Start with a Discovery Conversation

No obligation. No generic proposal. Just a structured conversation about your situation and whether we are the right fit.

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