About Mecklai
Company Overview, Our Vision, Our Mission
and Our Team
Who we are
Mecklai Financial Services Pvt. Ltd. is the leading FX risk management consulting company in India, having pioneered this business more than 50 years ago. With offices at four locations across India, we deliver customized solutions, backed by our proprietary risk management approach, high quality market research and robust technology processes.
In addition to our established presence in currency, commodity and interest rate risk management, our advisory services extend to other key areas of corporate finance, such as debt structuring, credit risk insurance and cash management.
Who we are
Mecklai Financial Services Pvt. Ltd. is the leading FX risk management consulting company in India, having pioneered this business more than 50 years ago. With offices at four locations across India, we deliver customized solutions, backed by our proprietary risk management approach, high quality market research and robust technology processes.In addition to our established presence in currency, commodity and interest rate risk management, our advisory services extend to other key areas of corporate finance, such as debt structuring, credit risk insurance and cash management.
Over
000
active
relationships
000
Clients with us
for more than 20 yrs
Worked with more than
0
of NIFTY 500
companies
Over
transactions done by
clients annually
What We Do
We provide clients with unparalleled knowledge of markets, including information on spot and forward rates and, importantly, how these are likely to move, as well as volatility patterns and how they are likely to change. We use this market understanding to help companies build business-specific risk management frameworks to enable them to make optimal use of markets.
Technology, which has always been a key support driver of our business, is increasingly becoming a service offering itself, as we can provide clients with customized FX risk management softwares, and also work with them to integrate their risk management into their existing ERP systems.
What We Do
We provide clients with unparalleled knowledge of markets, including information on spot and forward rates and, importantly, how these are likely to move, as well as volatility patterns and how they are likely to change. We use this market understanding to help companies build business-specific risk management frameworks to enable them to make optimal use of markets.Technology, which has always been a key support driver of our business, is increasingly becoming a service offering itself, as we can provide clients with customized FX risk management softwares, and also work with them to integrate their risk management into their existing ERP systems.
What We Do
We provide clients with unparalleled knowledge of markets, including information on spot and forward rates and, importantly, how these are likely to move, as well as volatility patterns and how they are likely to change. We use this market understanding to help companies build business-specific risk management frameworks to enable them to make optimal use of markets.Technology, which has always been a key support driver of our business, is increasingly becoming a service offering itself, as we can provide clients with customized FX risk management softwares, and also work with them to integrate their risk management into their existing ERP systems.
Our Vision: Help Companies
Better Themselves
Our services are tailored to clients’ particular needs. Our focus is to help companies enhance their existing capabilities by building systems and assisting implementation and execution. For some companies, this means providing high-quality analysis, advice and training;
for others, it may mean developing and implementing a risk management framework; for yet others, it could mean providing execution services in both OTC and currency futures markets.
Our Vision: Help Companies
Better Themselves
Our services are tailored to clients’ particular needs. Our focus is to help companies enhance their existing capabilities by building systems and assisting implementation and execution. For some companies, this means providing high-quality analysis, advice and training; for others, it may mean developing and implementing a risk management framework; for yet others, it could mean providing execution services in both OTC and currency futures markets.
Our Vision: Help Companies
Better Themselves
Our services are tailored to clients’ particular needs. Our focus is to help companies enhance their existing capabilities by building systems and assisting implementation and execution. For some companies, this means providing high-quality analysis, advice and training; for others, it may mean developing and implementing a risk management framework; for yet others, it could mean providing execution services in both OTC and currency futures markets.
What We Live By
Integrity
Our business has sustained for over 50 years through multiple up and down cycles, primarily because our brand is known for integrity. When Mecklai speaks, people know that it communicates what it believes to be the truth; our clients and innumerable banks and financial institutions rely on our opinions on a wide range of market-related subjects dealing with regulation, fairness of margins and, in extreme cases, legality of transactions.
Innovation and Excellence
Our approach to markets has always been highly analytic as reflected in our research reports going back several decades. We have developed – and continue to develop – structured models for hedging that (a) ensure that clients’ bottom lines are fully protected, (b) volatility of accounts is contained, and (c) delivers positive returns when the markets are favourable, all the while limiting the use of market views. This requires continuing research into market behaviour under different volatilities and trends, as also the use of innovative hedge instruments as they are increasingly permitted by regulation. Versions of our baseline approach have been used at different times by the very largest Indian companies and groups, several of whom continue to be active clients today.
Client Centricity
Being client-centric is the price of admission in contemporary business, and Mecklai has tuned this into a living, breathing activity. Our teams are trained in listening, one of the most undervalued skills in the world today, which is what enables us to provide clients with the highest quality service that ensures that they return to us year after year. The average tenor of our client relationships is 10 years, with 15% of our clients (over 100 companies) working with us for over 20 years.
What We Live By
Integrity
Our business has sustained for over 50 years through multiple up and down cycles, primarily because our brand is known for integrity. When Mecklai speaks, people know that it communicates what it believes to be the truth; our clients and innumerable banks and financial institutions rely on our opinions on a wide range of market-related subjects dealing with regulation, fairness of margins and, in extreme cases, legality of transactions.
Innovation and Excellence
Our approach to markets has always been highly analytic as reflected in our research reports going back several decades. We have developed – and continue to develop – structured models for hedging that (a) ensure that clients’ bottom lines are fully protected, (b) volatility of accounts is contained, and (c) delivers positive returns when the markets are favourable, all the while limiting the use of market views. This requires continuing research into market behaviour under different volatilities and trends, as also the use of innovative hedge instruments as they are increasingly permitted by regulation. Versions of our baseline approach have been used at different times by the very largest Indian companies and groups, several of whom continue to be active clients today.
Client Centricity
Being client-centric is the price of admission in contemporary business, and Mecklai has tuned this into a living, breathing activity. Our teams are trained in listening, one of the most undervalued skills in the world today, which is what enables us to provide clients with the highest quality service that ensures that they return to us year after year. The average tenor of our client relationships is 10 years, with 15% of our clients (over 100 companies) working with us for over 20 years.
Our Clients
Our clients cover the widest possible range of companies, from small mom and pop exporters to a large number of SME’s that are in high growth mode to some of India’s largest corporate and business groups, who cumulatively transact well over USD 100 bn of FX transactions each year. Over the years, we have worked with nearly 40% of non-financial companies in the NIFTY500.
Our Team
Jamal Mecklai
Managing Director |
|
Jamal Mecklai graduated in chemical engineering from IIT Mumbai in 1972, having topped the all-India entrance exam in 1967. He conducted doctoral research in biomedical engineering at Rice University from 1972 to 1975. From 1975 to 1985, he worked as a freelance media consultant in the U.S., developing projects for organizations like New York City Public Schools. Since 1986, he has been the MD of Mecklai Financial Services Ltd. and has built the company to market leadership. He has served on key RBI committees and has worked for other regulators and the Finance Ministry. He is a regular contributor to the media, both print and electronic and is a regular speaker at forums organized by industry chambers and private organizations. His ethos is best described as business is pleasure, work is play. |
Jamal Mecklai
Managing Director
Dipti Chitale
Chief Executive Officer
Ritesh Bhansali
Deputy Chief Executive Officer
Suraj Lala
Director and Head of Finance
Gaurang Pandya
Head of Technology
M.V. Srinivasan
Vice President Risk Advisory
