Based in Mumbai, Zenith FinCorp stands as a prominent treasury and trade specialist firm, effectively delivering a comprehensive range of treasury management services. This accomplishment is attributed to the dynamic leadership of Saurabh Goenka, the CEO and Managing Director of the company.
They support their clients by managing their foreign exchange business and the risks emanating from the same. They carry out planning and execution of transactions strategically to minimize cost and maximize returns.
Zenith FinCorp works on the tagline "Your Growth Partners". The team partners with their clients and endeavours to take them on the fastest possible growth trajectory.
They believe that their progress lies in the growth of their partners. Therefore, they strive to acquire the best possible deals for their partners. They help their partners in sourcing funds, getting credit lines, deployment of funds, or Import-export operations.
Present-day, Zenith FinCorp is the one-stop solution for all trade needs, especially foreign trade.
They conduct in-depth analysis of the business model to develop and execute risk management frameworks for their partners. These frameworks are designed to shield them from external disruptions in the future, ensuring consistent and predictable cashflows.
Saurabh Goenka is an assiduous and meticulous working professional. He is an expert in managing corporate treasuries. 34 years, Saurabh is an alumnus of MDI Gurgaon, where he did his MBA in Finance and Strategy. After their studies, he joined Axis Bank and worked in their treasury for about 7.5 years.
His quest for learning all the skills that the treasury has to offer. It motivated him to constantly look for opportunities and move to various functions within the treasury. Gaining skill sets across the treasury bouquet prepared him to put the acquired knowledge to use for managing corporate treasuries holistically thereby hugely benefitting his clients.
While working in the bank, Saurabh realized the gap in the market for professional management of corporate treasuries and, more importantly, for the development and implementation of a robust risk management framework within organizations in the MSME sector.
Numerous companies have experienced rapid growth within a relatively brief time frame. Although these companies have developed outstanding products and established themselves as market front runners in their respective categories, a significant gap exists in their approach to fund management, banking operations, and risk management. Often, this gap stems from a deficiency in expertise or a shortage of adequately trained personnel.
Zenith FinCorp bridges this void by offering firms the opportunity to outsource their treasury function. This enables professional management through the application of industry best practices, effectively countering potential risks arising from market dynamics.
Zenith FinCorp is a one-stop destination catering to various treasury needs. Here is a list of services offered by the company:
In today's time of stiff competition, one needs to always stay ahead of the curve and find newer innovative ways to compete. Most of the top business houses today have their treasuries to generate that extra return on capital and/or substantially reduce the exposure to market risks so that they can remain profitable even at wafer-thin margins.
Most of these treasuries have grown to contribute almost as much as the operating profit to the bottom line of the company. Zenith FinCorp offers the same platform to MSMEs so that they can compete with the industry leaders on a level playing field.
Policy Creation and Management
Analyzing working capital cycles
Building Risk Management Framework
Implementing and Monitoring Risk Management Framework
Optimizing the use of trade credit products
Low-cost hedging products
Transaction process Outsourcing
Sourcing of cheapest available funds
Deployment of funds for maximum possible returns within the RMF
In the hustle-bustle of work pressures and deadlines, most people forget the purpose for which they are working. In the end, it is for the things they can buy for the happiness of their family and loved ones.
The expert team of Zenith FinCorp sits with the client and understands those goals and desires. Then, systematically allocate their resources towards achieving these goals within the timelines defined by the client.
Moreover, they analyze the risk tolerance of the client and invest in only those products that suit his / her risk profile.
Monitoring of the assets and realization of goals
Estate and Succession Planning
Most people in India limit their investments to equity or bank FDs. Saurabh holds solid domain knowledge of Foreign Exchange and Interest Rates products and their derivatives.
He and his team offer such products to customers, which help them diversify asset allocations, maximize returns, minimize risk, and open a host of investing opportunities.
The team further guides them on how to invest, how to hedge, and how to manage the risk because of the complexities involved.
Entrepreneurship is a roller-coaster ride! As an entrepreneur, you should learn to enjoy challenges and figure out your best moves to overcome them.
Saurabh believes that challenges makes you widen your horizons. They make you work harder towards achieving your goals. To that effect, the key to success is to look at challenges as opportunities rather than impediments.
The biggest challenge for Saurabh is to deal with the specialized niche in which his business operates. A skilled workforce with the necessary knowledge is hard to come by.
Training requires a lot of time. Also, convincing the client about the need to put in place a professional treasury risk management system takes time.
Besides, if one is handing over their treasury and the power to make financial decisions, one must have unwavering trust in his capability as well as integrity.
Hence, instilling confidence in a prospective client is also a big challenge. But, once they experience Zenith's services and professionalism, they usually stay with the company.
"Full of excitement and novelty! Each day brings with it new challenges. Solving them brings in new perspectives and learnings. That builds character. That, in turn, defines who you are"- Saurabh Goenka
Saurabh's Sincerity and Dedication for every client is one of the major driving forces behind his victorious journey. He believes that each client is important and assigns top priority to all their requirements. They are available 24×7 for their clients and always serving them to the best of his ability.
Saurabh believes that in the service industry, "Customer Satisfaction" is no longer enough and strives for "Customer Delight" which is the primary factor for his success."
Saurabh acknowledges that it was because of the encouragement and support of a couple of his friends that he mustered the courage to quit a cushy job to take up the rigours of starting a business.
His father, an entrepreneur himself, has been a constant guiding force who has helped him navigate through the roadblocks on this path to success.
His mother has been his source of inspiration, and his wife has been his pillar of support, standing by him through thick and thin. Saurabh's mentor has also played an important role in supporting him at each step to develop himself as a better person and, in turn, his organization.
Saurabh Goenka aspires to become a foremost expert in treasury risk management within the nation. His ambition includes overseeing a substantial portfolio of outsourced MSME treasuries. While also making significant strides into the realm of larger enterprises. This expansion encompasses large listed companies that find it both cost-effective and strategic to entrust their treasury activities to Zenith FinCorp.
Before starting any business, do your due diligence well. Do a thorough scenario analysis of all future outcomes and possibilities that you can conceive. Only if you are excited about more than 70% of the cases, go down the road.
Once you have taken the plunge, go all in. Burn your bridges. Don't second-guess your decision. Don't work with the mindset that if this does not work, I will do something else. 'Success only comes when it is non-negotiable.'
We are proud to say that we have been able to materially benefit our clients over the years. Their trust and continued patronage are a testimony to this fact. – Saurabh Goenka