Our Team

RS Chaudhary

- Co-founder

He has over 35 years of experience, which includes a long and proven track record of 18 years working as a Banker in one of the largest Banks in India, and another 20 years of experience of working in the risk management consulting area.

He is a Banker with unique combination of robust banking experience, strong quantitative skill set, and understanding of risk management domain. Given this unique combination, he brings practical solutions to the risk management problems during our engagements with the clients.

During his stint with the Bank, he handled various positions in areas of credit risk, market risk, operational risk and integrated risk management, and was instrumental in setting up the ‘Risk Management Department’. Further, he has an in-depth knowledge of treasury, corporate Banking, wealth management and banking operations.

In his role as Senior Partner at Auronova, he completed a wide range of financial risk management consulting assignments for major banks and financial institutions. These assignments have spanned the range of risk management issues from policies, procedures, governance and infrastructure to methodology, quantitative techniques and systems. He has worked extensively in all the risk areas such as credit, market, liquidity, operational risk and other material risks faced by the Financial Institutions.

He is a graduate in Engineering from Indian Institute of Technology Roorkee (IIT Roorkee) and holds Financial Risk Manager (FRM) from GARP (USA) & Chartered Financial Analyst (CFA) from ICFAI (India). Along with this he holds 8 diplomas spanning in the field of Treasury Investment, Equity Research & Analysis, Financial services, Bank management, Capital Markets, Merchant Banking & Risk Management.

PM Ranganathan

- Advisor

Mr. PM Ranganathan is a core banker with more than 35 years of banking experience covering all aspects of the banking especially ‘Corporate Credit’ and ‘Risk Management’. He has over 10 years of experience in ‘Corporate Credit’, and more than 18 years of experience in ‘Risk Management’.

He was heading the Basel II implementation in one of the largest Bank in India. Subsequently, he has worked as CRO for 10 years in a leading bank in the middle east.

In his capacity as a CRO, he was responsible for setting up the risk management function, i.e. systems, policies and procedures including implementation of Basel II, Basel III, validation & implementation of risk rating models and implementation of IFRS9.His contributions also covered the areas of Market, Operational Risk, setting up the policies, the ICAAP for the Bank etc.

Asian Banker Association recognized his contributions to the domestic/regional and international bodies in the area of ‘Risk Management’ and listed him as one of the leading practitioners in Risk Management in the year 2016in GCC region.

Mandeep Singh

- Co-founder

He has 20+ years of experience in the financial services sector, which includes Banking, securities firm, asset management, financial markets and risk management consulting. He has extensive experience of over 15 years working in the area of risk management which comprehensively covers implementation of ERM, risk governance, risk organization structure, risk policies & procedures, risk related system implementation and risk modeling.

He started his career in fixed income market with a leading asset management company in India, and then worked in risk management function of India’s largest private sector bank. Prior to founding Auronova, he worked as a senior consultant in the Enterprise Risk Management (ERM) practice in one of the big 4 consulting firms.

He has extensive knowledge of risk management techniques in the area of credit risk, market risk, ALM and integrated risk management. He has extensive knowledge, expertise and experience in developing Enterprise Risk Management Framework (covering Credit, Market, Operational, Liquidity & other risks). He is well versed with Basel II & IFRS 9 guidelines and helped several banks & financial institutions across the globe to implement these regulatory requirements successfully.

He is a graduate in ‘Chemical Engineering’ from Indian Institute of Technology Roorkee (IITR) and Post Graduate in Management from Indian Institute of Management (IIM), Indore. He is an active member of ‘Global Association of Risk Professionals’.

Milanshu Khandelwal

- Associate Director

He is serving as ‘Associate Director’ in Auronova consulting and has 10+ years of experience
working in the risk management & analytics domain. In Auronova, he is the key member of regulatory consulting (Basel II/III, IFRS 9, TRIM, etc.), credit risk, operational risk, digital lending, and risk analytics (retail & corporate) team.

He has extensively worked on customer analytics including marketing, acquisition, portfolio and collection analytics. He has also supported multiple clients in end to end Digital Lending journey and in augmenting their ML & AI capabilities.

Additionally, he has helped Credit Bureau for 5+years in setting complete analytics team and building multiple bureau products including Bureau Score, Income Estimation model, Leverage Score, etc. which are currently used by more than 100+ financial institutions.

He has served 50+ clients across the globe, primarily working in London, Germany, Singapore, GCC, India etc. He has graduated in Electrical Engineering from Indian Institute of Technology Delhi (IIT Delhi).

Adesh Ladha

- Associate Director

He is serving as ‘Associate Director’ in Auronova consulting and has 9+ years of work experience.
In Auronova, he is the key member of regulatory consulting (Basel II/III, IFRS 9, TRIM, etc.), credit risk, market risk, and risk analytics (retail & corporate) team.

He has extensively worked on customer analytics including marketing, acquisition, portfolio and collection analytics. He has extensively worked on ICAAP framework, RAROC, Basel II capital calculation engine and developed & validated multiple Corporate Rating Models and Retail Scorecards. He is an expert in IFRS 9 implementation and has also worked on end-to-end IFRS 9 implementation & monitoring for one of the biggest banks in the GCC region.

He has also helped one of the leading Credit Bureaus in India in setting up the complete analytics function. He has served 30+ clients across the globe, primarily working in Singapore, UAE, KSA, Oman, India etc.

He has graduated in Electrical Engineering from Indian Institute of Technology Delhi (IIT Delhi) and also holds Management in Business Administration (MBA) in Finance from Indian Institute of Management Calcutta (IIM Calcutta) – both rated amongst the premier institutes in India. He is also certified CFA Charter.

Ajay Sinha

- Advisor

Ajay Sinha has 30+ years of experience in the banking industry. He has worked as CRO in Maiwand Bank, and as Head of Operational Risk in NBQ (UAE).

He has expertise in Operational Risk, Liquidity Risk, Market Risk, ALM, Internal Audit, Risk Data Aggregation, Enterprise Risk Management (ERM), Credit Appraisal, Corporate Strategic Planning, designing, implementing & managing credit and risk management policies and controls etc.

As a CRO, he has implemented complete ERM framework in the bank from the scratch which includes development & implementation of policies & procedures, rating models/scorecards, risk appetite statement, operational risk, market risk, core banking & ALM systems, contingent liquidity funding plan, etc.

He is an avid writer and published multiple technical papers in various globally renowned journals. He was also member of special risk working groups created by Central Bank of UAE (CBUAE).

Giuseppe Gianpaolo Montalto

- Senior Partner, Strategic Advisor

Joseph Montalto (Giuseppe Gianpaolo Montalto) is a seasoned professional Enterprise Risk Management expert with over 30 years experience in risk in a range of businesses including corporate banking and investment banking, Islamic banking, retail / digital / private banking, treasury and capital markets (including fixed income, sales and trading, currencies and commodities), asset management, investments (including debt, equity and structured investments, real estate and private equity), balance sheet management, operational risk management, custody, insurance and enterprise risk consulting.

He has also worked extensively in operational risk where he has enhanced completed operational risk framework including revised governance structures, automated reporting, development and implementation of RCSA and KRI framework for all business, branches (over 500 branches) support and control units within the bank.

Over the last 12 years he has worked for a number of Gulf based Islamic banks as Group Chief Risk Officer where he was charged with mandate of overhauling and setting up the risk management operations in these institutions covering governance, policies, processes, IT systems and analytics applying best international standards.

He has worked as Group CRO of Al Rajhi Bank (KSA) and Al Hilal Bank (UAE). He has also worked for global banks like JP Morgan, RBS, Merrill Lynch & Westpac. He has also worked in number of high-profile consulting projects for multiple financial institutions.

NK Singhal

- Advisor

Mr. N K Singhal is an accomplished banker and risk professional with over 36 years of experience
in credit and risk management function. He served as ‘Chief Risk Officer’ in one of the largest public sector bank in India.

In his capacity as CRO, he was instrumental in establishing the risk management function of the bank i.e. development of risk governance and risk organization structure, risk reporting framework, enhancing risk related policies and established the risk analytics function for developing internal credit risk rating models for both corporate and retail portfolios, market risk models, AMA compliant operational risk model etc. He has also handled very large credit and project finance deals for nearly ten years.

He has also implemented Basel II accord in the bank, enabling it to adopt advance approaches for market, credit and operational risk. He was also instrumental in establishing “CORDEX” for external operational risk loss data collection at industry level.

Exceptional leader, well-versed with the techniques used to assess risk factors in a modern business organization with the ability to adapt according to the situational requirements and deliver the desired results.