Established in 2014, Avati Consulting Solutions (P) Ltd., India along with Avati Consulting Solutions FZC LLC UAE) provide a specialized, niche, state of the art product, consulting, and implementation services in the domain of Risk & Finance for financial services industry encompassing risk management including compliances related to IFRS 9 & Basel framework.


We, at AVATI, seek to become the Partner / Platform of choice for the banking and financial services industry in their constantly evolving journey of implementing best practices in Risk Management.

To this end we seek to offer a comprehensive set of high-quality products, solutions, frameworks, consulting and technology services to become a one-stop shop for all their risk management needs.


(Domain + Product + Technology)




Mr. Jignesh Kamdar has over 20 years of experience in the risk management function for financial services industry and specializes in providing consulting to banks for their key risk programs. He specializes in managing large scale risk implementation programs for banks like IFRS 9, Basel II/III implementation, rating model development and implementation, asset liability management and liquidity programs. During his career he has served various clients across geographies some of which include State Bank of India (Largest Indian bank), Al Rajhi Bank, Al Hilal Bank, SAMBA (Leading Banks in Middle East), Arab Bank (Largest Banking Group in Jordan), Banque Saudi Fransi (Calyon Group, France), Housing Bank of Trade and Finance (Large Bank Jordan), Ahli United Bank (Large Bank in Bahrain), National Bank of Canada (Toronto), Life Insurance Corporation of India. He has a successful history of creating and incubating organisation in Risk Consulting & Implementation space that today thrive in the Middle East and Indian markets. He has earlier been part of companies like Deloitte Consulting, ICICI Bank, S&P India and Aptivaa Consulting in various capacities. He is a Chartered Accountant and Chartered Financial Analysis by qualification and an alumnus of S.P. Jain Institute of Management, Mumbai, one of the leading B-Schools in India & globally.



Ms. Dipti Raman is a founder member of Avati Consulting Solutions (P) Ltd. and has over 26 years of experience in consulting and product development, largely in the areas of banking and risk management for the BFSI segment. She spearheads Risk management Product business with overall responsibility for technology and development of products, business development, client management and implementation. This included the identification of product areas, conceptualization, design and architectural framework for products, product design and vendor / partner management for product and business development, setting up implementation frameworks, methodologies and processes. As part of management and in her multi-faceted roles in earlier organizations she spearheaded turnkey development of an array of products and solutions in Operational Risk, Credit Risk, ALM, Basel II Reporting, Consolidation and Risk Analytics. In her previous roles with CITIL, Iflex, Oracle and Aptivaa Consulting she has led the product business as a key techno-functional subject matter expert. An engineer by qualification, she is also an alumnus of Indian Institute of Management, Ahmedabad, one of the top B-Schools in Asia and highly acclaimed globally.


Director - Middle East Operations

Dr. Surendra Barsode is seasoned Risk Management professional who has worked as senior management for many banks in Middle East and India during his professional career of 40 years. He currently heads our UAE office and guides the company on a variety of areas covering client management, business development, product R&D and domain expertise. As Head & AGM Risk Management for Saudi Invest Bank (SIB) Riyadh for 6 years until end 2018, he has managed critical areas like Credit Risk, modelling, Operational & Market Risk, ERM, Stress Testing, ICAAP, ILAP, IFRS 9 etc. He was a member of many committees like Board Risk Committee, ERM Committee, Credit Committee, Operational Risk Committee, ALCO and Structured Products Committee. Prior to that he worked as Director, Basel II implementation with Commercial International Bank, Cairo from 2010 to 2012 and Head of Risk Analytics and Basel II program with National Bank of Fujairah, Dubai, from 2009 to 2010. He worked as Principal Consultant, Aptiva Consulting for Risk & Basel Committee guidelines related consulting projects and initiatives across multiple banks in Middle East, UK, Singapore and Kazakhstan from 2006 to 2009. As part of Dun & Bradstreet India, he was Risk Products Architect between 2005-06. His started with State Bank of India, working across functions like branch banking, corporate credit risk, international banking, retail assets, fund management etc. for 22 years from 1980. He is a Ph.D. in Credit Risk Management from Indian Institute of Technology (IIT) Bombay and has completed FRM by GARP and Certified Associate of Indian Institute of Bankers (CAIIB).

Chandan Maheswari

Head - Business Development

Chandan is a senior Risk management professional having over 15 years of experience in Risk consulting, Business Development and Solution selling while essaying various roles across leading Banking and financial services worldwide. Over the years he has closely worked with more than 50 organizations globally in various organization level strategy initiatives during his stint at HSBC, Aidias Consulting Group, SAS (through i3 Consulting) and Crif Solutions while selling and delivering Risk product and consulting, Credit bureau offerings and data analytics.

He is a Certified Management Consultant (CMC) and has keen interest in applying key concepts and experience towards problem solving. Chandan enjoys interacting and learning in his stint as Visiting Faculty at various B Schools. As part of professional affiliation, he is the Hon. Secretary (Pune Chapter) at The Institute of Management Consultant of India (IMCI) which is part of International Council of Management Consulting Institutes (ICMCI).

Gopi Suvanam

Head - Analytics

Mr. Gopi Suvanam has more than 15 years of experience in financial analytics and Markets. He has worked for four years in Deutsche Bank in NY and London before venturing into entrepreneurship. He has worked in the role of strategist Advising top-notch institutions around the world on the use of derivatives for investments and risk management. As a strategic market risk expert, he has helped financial institutions across the spectrum of market risk activities from policy formulation, market risk framework, building and implementation of critical market risk systems and also helped develop market risk policies and processes for various financial institutions. Currently, he helps banks develop and build market risk management strategy, market risk monitoring systems, derivative valuation and hedge accounting systems. He has advised RBL Bank, India Infoline (a large private wealth company in India), SBI Mutual Fund (Asset Management Division of the largest bank in India) and Arab Petroleum Investment Corporation (a large multinational investment corporation based out of Saudi Arabia) among others on financial analytics and market risk. He has an MBA from the Indian Institute of Management (IIM) Ahmedabad. He also has a Bachelor's degree in Computer Science from IIT Madras. He is also a visiting faculty at IIM - Ahmedabad.

Rajiv Putuval

Head - Products

Rajiv is a technical expert with almost 21 years experience. He is also a payment domain specialist having worked in a Fintech company interacting with various banks & payment product providers in providing solution designs.

Before entering the payments domain, Rajiv worked as an Architect in various domains. He specializes in architecture & design of application services & products using the various technology stacks. He is also a promoter of DEVOPS in every organization he has worked in the past.

Rajiv works as Product Head in Avati Solutions, and spearheads the development team to drive innovations in Avati's products & support the Business team in designing and delivering new modules or products.



Mr. Dev Raman has 27+ years of experience with domestic and foreign financial institutions. He held director-level positions in the investment banking businesses at Credit Suisse and HSBC where he achieved significant growth in terms of revenue and market share for the businesses. As an investment banker and an institutional broker, he has successfully raised more than USD 1 billion for Indian corporates. Dev turned an entrepreneur in 2004 as the Founder and CIO of Tricolor Advisory Services, advisor to a India-dedicated hedge fund (AUM - USD 190 million) and also advised Fortress Investment Group, a global Hedge Fund (AUM - USD 20 billion) on its India investments. In 2006, Tricolor India Fund was nominated as the best performing India hedge fund by Eureka hedge. As Managing Partner at Lastaki since 2009, Dev has successfully advised multiple M&A transactions and raised over USD 75 million of capital. He has also been an advisor on corporate strategy, Financial Management, Business strategy & acquisitions to many organisations in India and has also served as a Board member of several organizations. He has completed his Post Graduate Diploma in Business Management (MBA) from Indian Institute of Management, Ahmedabad, one of the premier management institutes worldwide. As a advisory member, he is actively involved in strategy, corporate direction and business conceptualisation.


Mr. Raghu Iyer is a seasoned and highly respected industry professional, academician and leader with 35+ years experience in financial services. He runs a successful audit and advisory organisation covering a variety of areas like management accounting, audit, tax advisory, accounting standards, IFRS 9 related services like Expected Credit Loss modelling & computation, financial instruments valuation, hedge effectiveness, derivatives accounting and international advisory services. He guides our IFRS 9 related initiatives while also providing constant guidance to the organisation on its India strategy. He is also involved with clients, providing knowledge and subject matter expertise to strategic projects. As an IFRS 9 expert (specialising in IFRS 9 particularly), he has advised more than 80+ clients consisting of leading Indian financial institutions and corporates. Mr. Iyer has also been a distinguished faculty member of top ranking B-Schools of the country like S P Jain Institute of Management & Research, Mumbai and Great Lakes Institute of Management (Chennai) for the last 25+ years covering a variety of subjects on financial management. In close association with Crisil, he conducts regular training sessions on Ind AS, Financial Instruments and Expected Credit Losses. He is a fellow of Institute of Chartered Accountants of India securing all India 4th rank in CA Final examination and all India 3rd rank in CA intermediate examination. He actively guides the organisation strategy in Indian markets and as subject matter expert, works closely in strategic consulting frameworks, intellectual property development and functional enrichment.


Mr. Gurpreet Singh Gurpreet Singh has over 20 years of experience in consulting, products, strategy, sales and distribution primarily in the area of risk management for Banking, Wealth management and Asset management industry. He has worked on setting up & managing third party investment desks for banks and wealth management companies, conceptualizing products, setting up wealth management function, worked with Business Intelligence teams, managing teams at Asset management companies. He has been part of core committees in the companies /Banks worked for in past. Gurpreet is a known name in the Indian financial services Industry & widely networked. He is Principal Consultant to Financial Distribution Industry's trade body, FIAI. He has worked with Institutions such as ABN AMRO bank, Dresdner bank, ICICI Prudential AMC, EFG Wealth and Mirae Asset Global Investment India in past. Gurpreet is an MBA, CFA (India), CFP by qualifications.


Mr. Mazen Al-Khatib is a seasoned Risk management professional and has worked in various management positions in many banks in the Middle East for 38 years and in many areas including Strategic Risk management, Enterprise risk management, External and internal audit & Compliance, Anti-money laundering, Corporate governance. He has been a member of several committees related to the Board of Directors and Executive Management and has been involved in the establishment of banks. His keen interest is into strategic risk consulting and imparting training to Banking professionals. He also has many professional certificates in the field of financial risk management, internal audit, compliance, and anti-money laundering. He is also a member of the Arab Banking Union - Professional Risk Management Group.