From his podcast, Powering Prosperity, Indranil Ghosh is interviewed by Julianne Sloane, co-founder of Nossa Data. He shares his background and what led him to write his book.
In this week’s newsletter, I share some of my ideas on how to achieve sustainable economic development via an interview with Julianne Sloane, co-Founder of Nossa Data—the company which helps organisations reduce the time it takes to carry out ESG reporting. In the interview we discuss how governments can be a catalyst of new industries and job creation, the link between inequality and climate change, progress towards greater diversity in business, and how we all have a portfolio of roles which we can leverage to help drive sustainable change.
Interview with Nossa Data
Can you give an introduction to your background?
“I started off with a passion for technology, a passion for science. My graduate and undergraduate work was in chemical engineering and I did a PhD at MIT looking at polymers and how to control their properties in industrial situations. I’ve always been very interested in applied technology.”
“What I realized is that no matter how great a technology is, it doesn’t get very far if it’s not commercialized. I got interested in the commercialization of technology and business and economics in general in graduate school. After graduate school I joined McKinsey, working there for seven years and becoming an associate principal in their New York office.”
“The next step in my career was to join Bridgewater as a client advisor and strategist. My role was to raise capital for them. As one of the largest institutional investors in the world, I began to understand how global macroeconomics really works in markets. My interest was really in Private Equity, in investing in companies that could do something transformative.”
Read the full interview or listen to the podcast, How to empower economic development, on LinkedIn.
Umbrex is pleased to welcome Anushia Kandasamy with Samanea Asia Consulting. Anushia is a management consultant and senior leadership facilitator based in Kuala Lumpur, Malaysia with 11 years of experience at McKinsey & Company. Anushia has extensive experience working with in the public sector, as well as with larger SMEs in Malaysia and Southeast Asia. She has also served United Nations agencies on Change Management and Leadership Development.
As a versatile problem-solver, Anushia works across a range of topics related to socio-economic development – and is especially adept at the intersection of government and business. She is also keen on capacity-building, having successfully supported senior leaders in larger SMEs on topics such as problem-solving, communications and managing change.
In addition to these topics, Anushia also conducts impact reviews, helps organisations to set up their business performance management and programme management practices.
Umbrex is pleased to welcome Christopher Rischard. Christopher Rischard spent eight years as Digital Leader in the TMT practice at Booz & Company based in Paris and Madrid focused on digitalization, data and tech-enabled growth strategy. After several years as a Principal, he set off as an independent consultant in London in 2014. Prior to Booz and his MBA at INSEAD, Christopher lived in Washington DC where he was raised and he worked for 8 years in enterprise solutions sales at MCI Telecommunications. Christopher would be delighted to collaborate on digital strategy, digital transformation and digital value creation engagements for both corporate and private equity clients.
Umbrex is pleased to welcome Brenna Rauw with Vulpine Strategies. Brendan Rauw was a project leader at BCG in the private equity and healthcare practices, and spent ten years after BCG leading technology commercialization for universities. Brendan has particular expertise in intellectual property, licensing, and entrepreneurship in the life sciences.
Brendan lives in Portland, OR, advising private equity investors and pre-revenue life science companies across the country on strategy, partnering, and market assessment. Brendan is particularly interested in healthcare and life sciences projects relating to market analysis and due diligence.
Umbrex is pleased to welcome Andre Martinelli. André has spent his career helping companies and people grow. Prior to starting his consulting practice, André was a Director, Go-to-Market for Vista Consulting Group (VCG), the operations arm of Vista Equity Partners. Before that, André was a Managing Director at Blue Ridge Partners, a management consulting firm exclusively focused on helping companies accelerate profitable revenue growth. In both roles, André worked with portfolio company CEOs and Chief Revenue Officers to develop go-to-market strategies, build sales organizations, and implement processes and tools to deliver consistent, profitable growth. He began his career at McKinsey, where he returned after business school.
He lives in Michigan with his wife and two young children, and enjoys attending University of Michigan football and basketball games and heading “Up North.” Andre is interested in B2B sales effectiveness and go-to-market strategy projects, particularly for PE-sponsored companies in the Midwest.
Umbrex is pleased to welcome Seline Karakaya with Excelerate Global. Seline Karakaya is Founder and Managing Director of Excelerate Global, a venture capital and private equity advisory group. In this capacity, Seline has worked with closely with companies ranging from start-ups to multi-nationals to support their growth priorities. She works closely with founders, CEOs, and Boards of Directors—often as an interim CXO—on the most pressing issues, from hiring to pricing, strategy to fundraising, organization to business
Prior to founding Excelerate Global, Seline was a Director at American Securities, a New York-based private equity firm with one of the most successful track records in the industry. During her tenure, Seline co-led the development of the Firm’s “Shared Vision” process for value creation and alignment, advised portfolio company CEOs across a variety of industries and business topics, ranging from strategy and growth to talent and change management, and led the execution of a number of high priority initiatives. She also developed and oversaw the Firm’s commercial due diligence efforts.
Prior to American Securities, Seline was a management consultant at Bain & Company, where she spent over 6 years advising Private Equity, Retail, Consumer Products, Tech/Media executives on M&A, corporate strategy, change management, and growth initiatives ranging from product development to new market entry. Seline was among the original members of Bain Los Angeles’s Private Equity Group.
Seline was Chief of Staff at FEI Women’s Health, overseeing all strategic initiatives across the commercial aspects of the business leading up to its strategic sale to Barr Pharmaceuticals. She has also held positions at Amgen, Cerberus Capital Management, and American Express in a variety of capacities.
Seline graduated with the highest honors from the University of Southern California Marshall School of Business Honors Program with a B.S. in Business Administration, Strategy & Finance. She is also an active advocate of children’s causes in developing countries and animal welfare around the globe.
Seline is happy to collaborate on growth strategy and commercial value creation projects in the Western U.S.
Umbrex is pleased to welcome Deepak Batra. Deepak was at Bain for 6 years, predominantly based out of India working on global projects, and had an opportunity to work out Amsterdam and Boston. While his work was sector agnostic, Deepak specialized “functionally” in Private Equity due diligence.
Post his consulting stint, Deepak worked with OLX, India’s leading online classified platform (Craigslist counterpart) in several roles ranging from Analytics, Strategy to General Management.
He is based out of New Delhi, India, working as an independent consultant. Deepak would love to collaborate on commercial due diligence, customer analytics, NPS and projects in digital businesses.
Michael Wise recently co-authored this article for McKinsey that explores how best-practice purchasing is now an even more potent source of value creation for private-equity leaders.
A careful review of purchasing is typically part of any private-equity (PE) playbook, with procurement savings factoring prominently into 100-day and longer-term business plans. As part of the process, procurement professionals are typically charged with finding and acting on low-hanging opportunities like requesting price reductions and volume discounts from suppliers. Leading PE firms are adopting a more comprehensive and transformative approach, powered by new digital and analytical tools, that can lift earnings before interest, taxes, depreciation, and amortization (EBITDA) by 20 percent within six months. These tools, combined with the right approach and methodologies, enable rapid sizing and capturing of the opportunity, permanently changing the way investment and management teams look at procurement—and other aspects of operations
In this article, we will describe the new approach, focusing specifically on the impact that digital tools, advanced analytics, and new methodologies have had on midsize-portfolio companies in a variety of industrial sectors.
The article explores the following:
-Identifying value potential
-Supporting value capture with e-sourcing tools
-Four elements of success
Read the full article, Digital procurement in private equity: Unlocking sustainable impact, on the McKinsey and Company website.