Shrikrishna Prakash
Shrikrishna Prakash Founded CAPSOMS Ventures(capsoms.com), an entrepreneur, a former TCS pioneered Financial solutions in North America, a global macroeconomist by practice, called out in a NASSCOM eMerge blog in September 2008 the global meltdown and likely unfolding of events titled THE MANOUVER : USD shore-up, printing and Inflation check, FED's Clean up act! https://medium.com/@shrikrishnaPrakash. He is been advocating trade settle in INR, contributed to the Prime Ministers Office(PMO) by suggesting drive trade settle in INR, government stakes in growth sectors new entities, later divest to offset dollar swings and crude negative lever. Equities & alternative investment: Been calling out market trends at regularity. Real assets, investments & XX valuation.
His venture built corporate development & finance practice (M&A practice, VC/ PE finance, project investment analysis of capital expenditure & risk analysis, sales finance, FP&A), startups evaluation, digital, consumer retail practice, and equities & alternative investment practice.
He built TCS Financial Product Solutions in North America from scratch in particular BaNCS Corporate Actions, Securities Lending & Borrowing, Financial Industry Gateway Messaging, and Financial Services Practice development. As a thought leader met CXO leaders, qualified each door and influencer through in-depth research and transformational selling encounter plans, handling objections, pre-sales, complex solutions demonstration, proposal to solve CXO level pain needs, built hot pursuits across USA & Canada, anchored all formats of workshops (strategy consulting, business discussion & consulting, Technical deep dive consulting), sales, statement of work preparation(SOW) includes scope definition, estimation, project timelines, service level agreements, costing and governance model of execution. Was responsible for marketing plan including digital marketing and its spend - the banner advertisement on segment-specific websites such as institutional investors, generate leads, preparation for booth display creatives, 25+ global financial conferences such as SIBOS, SIFMA Tech and spoke on industry disruption & technology. Was part of TCS’ TATA Business Excellence application.
He executed end-to-end for JP Morgan Chase, a Corporate Actions Rule Management software application that calculates entitlements of all proprietary trading desk positions and adjusts the holding details, and notifies the trading desk terminal on ex-date for smooth trading activities. Engaged clients at New York & Delaware, championed project execution coaching the team, requirements gathering, project plan, front end, back end, helped create the data model, build, test unit functionality, stress, interface, user acceptance, and its implementation.
Earlier at Ford Motor Company, Melbourne looked after their accounts payable, accounts receivable, and fixed assets systems. Prior to that at P&O Nedlloyd, London built a software product to track inland and landside less than container load(LCL) shipments.
He pursued Private Equity executive education from the Indian School of Business(ISB) and earned his IIT-Delhi & TCS Innovation Labs's web intelligence & big data distinction, with prior MBA and Industrial Engineering undergraduate studies.
During his MBA at SDM-IMD, Mysore he founded the student's professional forum, inaugurated by Prof. P N Thirunarayana, IIM-Bangalore. He conducted industry seminars and talks. MBA summer internship at Titan Industries, he developed a New Product performance tracking system & New Product spare parts management across the World of Titan & franchises, optimized availability, and recommended the process for ISO certification. During his Industrial Engineering & Management(IE&M) from Ramaiah Institute of Technology, Bengaluru he developed a cost-saving inventory system at Federal-Mogul Goetz (Escorts piston, rings) now Tenneco, where he started as a production trainee. He represented his institute at the Inter-collegiate Operations Research Society of India (ORSI) quiz competition conducted by IISc. at RVCE. He was the general secretary of the Bangalore chapter of the Institute for Human Potential & development(IHPAD), learning's from Winner's workshop, he shared with batch-mates and it had a profound impact. As a cricketer represented the Ramaiah team at the university level.
In hostels from age five, home during holidays value-adding in the farm, the pocket money earned invested in stocks later funding his personality development, NCC level A military training, athletics, cricket, public speaking, career, travel, yoga and developing family has enriched him with a holistic perspective, focuses on value creation & people.
His venture built corporate development & finance practice (M&A practice, VC/ PE finance, project investment analysis of capital expenditure & risk analysis, sales finance, FP&A), startups evaluation, digital, consumer retail practice, and equities & alternative investment practice.
He built TCS Financial Product Solutions in North America from scratch in particular BaNCS Corporate Actions, Securities Lending & Borrowing, Financial Industry Gateway Messaging, and Financial Services Practice development. As a thought leader met CXO leaders, qualified each door and influencer through in-depth research and transformational selling encounter plans, handling objections, pre-sales, complex solutions demonstration, proposal to solve CXO level pain needs, built hot pursuits across USA & Canada, anchored all formats of workshops (strategy consulting, business discussion & consulting, Technical deep dive consulting), sales, statement of work preparation(SOW) includes scope definition, estimation, project timelines, service level agreements, costing and governance model of execution. Was responsible for marketing plan including digital marketing and its spend - the banner advertisement on segment-specific websites such as institutional investors, generate leads, preparation for booth display creatives, 25+ global financial conferences such as SIBOS, SIFMA Tech and spoke on industry disruption & technology. Was part of TCS’ TATA Business Excellence application.
He executed end-to-end for JP Morgan Chase, a Corporate Actions Rule Management software application that calculates entitlements of all proprietary trading desk positions and adjusts the holding details, and notifies the trading desk terminal on ex-date for smooth trading activities. Engaged clients at New York & Delaware, championed project execution coaching the team, requirements gathering, project plan, front end, back end, helped create the data model, build, test unit functionality, stress, interface, user acceptance, and its implementation.
Earlier at Ford Motor Company, Melbourne looked after their accounts payable, accounts receivable, and fixed assets systems. Prior to that at P&O Nedlloyd, London built a software product to track inland and landside less than container load(LCL) shipments.
He pursued Private Equity executive education from the Indian School of Business(ISB) and earned his IIT-Delhi & TCS Innovation Labs's web intelligence & big data distinction, with prior MBA and Industrial Engineering undergraduate studies.
During his MBA at SDM-IMD, Mysore he founded the student's professional forum, inaugurated by Prof. P N Thirunarayana, IIM-Bangalore. He conducted industry seminars and talks. MBA summer internship at Titan Industries, he developed a New Product performance tracking system & New Product spare parts management across the World of Titan & franchises, optimized availability, and recommended the process for ISO certification. During his Industrial Engineering & Management(IE&M) from Ramaiah Institute of Technology, Bengaluru he developed a cost-saving inventory system at Federal-Mogul Goetz (Escorts piston, rings) now Tenneco, where he started as a production trainee. He represented his institute at the Inter-collegiate Operations Research Society of India (ORSI) quiz competition conducted by IISc. at RVCE. He was the general secretary of the Bangalore chapter of the Institute for Human Potential & development(IHPAD), learning's from Winner's workshop, he shared with batch-mates and it had a profound impact. As a cricketer represented the Ramaiah team at the university level.
In hostels from age five, home during holidays value-adding in the farm, the pocket money earned invested in stocks later funding his personality development, NCC level A military training, athletics, cricket, public speaking, career, travel, yoga and developing family has enriched him with a holistic perspective, focuses on value creation & people.
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Papers by Shrikrishna Prakash
Scenario
Around 80% of foreign exchange/trade transactions is denominated in US dollars(USD) and a majority of these in crude oil import export. Crude being a lever to control USD flow (back to US), its rise impacts balance of payment for net crude oil importers, inflation and increase in cost of capital for business. Hence stocks discovering its prices to the re-adjusted EPS. In December 2007 realized time was not far off for business to chase funds and Private Equity (PE) and not the other way round.
Wall Street Outcomes
The heady day’s perceived profits in instruments, are now ill-liquid assets. To improve liquidity, earlier banks sought petro USD’s, some consolidated within Wall Street and others are filing for bankruptcy. About USD 450 billion of illiquid assets from various banks crept into Freddie Mac & Fannie Mae. Freddie & Fannie had to be bailed out by the US Federal Reserve(Fed). Fed released more than USD 250 billion in emergency funding. Fed has to clean up its balance sheet. New laws are being enacted giving treasury powers to create market for ill-liquid assets, buy and sell assets to tune of USD 700 billion.
OTC USD derivatives as an enabler ?
Most of USD’s are derivative positions and are traded on secretive OTC. As one of the steps to arrest the USD decline, central banks led by Fed in a synchronized manner went long on USD to the point of triggering short covering and shoring up USD. Central banks long positions were/are in the money. Globally, institutional investors who went long USD post the short squeeze upsurge, will feel the long squeeze when the intervention impact reduces and USD starts depreciating. This will make them square off and take on losses. (Read from central banks, as the coordinated entities would have booked profits at USD highs and positioned to buy at lower levels).
USA’s borrowings are denominated in home currency and the above process will assist in shoring up current assets in Fed’s balance sheet helping even out the ill-liquid assets. The reduction in OTC leveraged USD and a better Fed balance sheet enables printing USD in large quantity, controlling inflationary pressures- strategic in the world order. The consumption story will continue.
Possibilities
As the effect of coordinated intervention reduces, the USD is expected to weaken. If countries consume more USD’s, it will help ease the equation, else crude will continue to remain as a lever.
If Fed’s balance sheet gets cleaned up with no great inflationary effect, USD could get stronger. However to reach that state, the implementation of new monetary framework will have the affect of a “Manthan”, a sanskrit word for churning of the ocean to obtain nectar, when consumed attains immortality.
India over the next 18–24 months is expected to reduce crude import to an extent of 40%, a result of increasing production from KG-D6 block. On this materializing, equivalent USD’s will find its way back, assuming India’s orders for importing nuclear reactors & ancillaries will not off-set the reduction. Industrialist Mr. Godrej believes India has the potential to be a net exporter aswell. All these means the RBI may build USD reserves helping maintain USD 80–20 balance. The rupee’s (INR) movement depends on above equation, ECB, FII money flows and the existing flow dynamics.
Closing Comments
USA on its part will manoeuvre back to maintain world order and invent new “alpha seeking opportunities”. “Manthan’s” impact on India, its domestic story in healthcare, materials, industrial’s, infrastructure, financial services and software product space will be keenly watched.
Disclaimer: Views expressed here are personal.
Scenario
Around 80% of foreign exchange/trade transactions is denominated in US dollars(USD) and a majority of these in crude oil import export. Crude being a lever to control USD flow (back to US), its rise impacts balance of payment for net crude oil importers, inflation and increase in cost of capital for business. Hence stocks discovering its prices to the re-adjusted EPS. In December 2007 realized time was not far off for business to chase funds and Private Equity (PE) and not the other way round.
Wall Street Outcomes
The heady day’s perceived profits in instruments, are now ill-liquid assets. To improve liquidity, earlier banks sought petro USD’s, some consolidated within Wall Street and others are filing for bankruptcy. About USD 450 billion of illiquid assets from various banks crept into Freddie Mac & Fannie Mae. Freddie & Fannie had to be bailed out by the US Federal Reserve(Fed). Fed released more than USD 250 billion in emergency funding. Fed has to clean up its balance sheet. New laws are being enacted giving treasury powers to create market for ill-liquid assets, buy and sell assets to tune of USD 700 billion.
OTC USD derivatives as an enabler ?
Most of USD’s are derivative positions and are traded on secretive OTC. As one of the steps to arrest the USD decline, central banks led by Fed in a synchronized manner went long on USD to the point of triggering short covering and shoring up USD. Central banks long positions were/are in the money. Globally, institutional investors who went long USD post the short squeeze upsurge, will feel the long squeeze when the intervention impact reduces and USD starts depreciating. This will make them square off and take on losses. (Read from central banks, as the coordinated entities would have booked profits at USD highs and positioned to buy at lower levels).
USA’s borrowings are denominated in home currency and the above process will assist in shoring up current assets in Fed’s balance sheet helping even out the ill-liquid assets. The reduction in OTC leveraged USD and a better Fed balance sheet enables printing USD in large quantity, controlling inflationary pressures- strategic in the world order. The consumption story will continue.
Possibilities
As the effect of coordinated intervention reduces, the USD is expected to weaken. If countries consume more USD’s, it will help ease the equation, else crude will continue to remain as a lever.
If Fed’s balance sheet gets cleaned up with no great inflationary effect, USD could get stronger. However to reach that state, the implementation of new monetary framework will have the affect of a “Manthan”, a sanskrit word for churning of the ocean to obtain nectar, when consumed attains immortality.
India over the next 18–24 months is expected to reduce crude import to an extent of 40%, a result of increasing production from KG-D6 block. On this materializing, equivalent USD’s will find its way back, assuming India’s orders for importing nuclear reactors & ancillaries will not off-set the reduction. Industrialist Mr. Godrej believes India has the potential to be a net exporter aswell. All these means the RBI may build USD reserves helping maintain USD 80–20 balance. The rupee’s (INR) movement depends on above equation, ECB, FII money flows and the existing flow dynamics.
Closing Comments
USA on its part will manoeuvre back to maintain world order and invent new “alpha seeking opportunities”. “Manthan’s” impact on India, its domestic story in healthcare, materials, industrial’s, infrastructure, financial services and software product space will be keenly watched.
Disclaimer: Views expressed here are personal.