Finance Monthly Game Changers Awards 2017

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ABOUT VISHAL GOENKA
Mr. Goenka is a business professional with over 20 years’
experience. Currently working as Group CFO of Renaissance
Services SAOG, a publicly listed Omani multinational company.
Mr. Goenka has been working with Renaissance over the last
15 years. In that time, he has witnessed and participated in the
growth of Renaissance, from a company with a turnover of USD
50 million to its current turnover of over USD 650 million with a
total asset base of over USD 2 billion.
The company has two core businesses; Offshore Support Vessels,
providing marine solutions to the global energy industry, where
the company is seen as one of the top 10 leading players in
the world in this sector. The second is in Integrated Facilities
Management, where the company, a key player in Oman,
has been providing turnkey solutions in facilities management
in Oman for the past 25 years, with an expanding regional
presence.
Prior to joining Renaissance Mr. Goenka worked with one of the
largest business houses in India and also with one of the big four
global audit firms.
His professional qualifications in Accountancy, Finance,
Management and Information Technology have helped him to
understand and provide right solutions to business demands.
During his tenure at Renaissance, Mr. Goenka has raised funding
of over USD 1.5 billion to support the growth ambitions of the
company. He has been instrumental in raising various forms of
financing to suit the requirements of the company. These include
Term Loans, Subordinated Debt, Mandatory Convertible Bonds,
IPO, Capital Market Bonds, Perpetual Notes, private equity, joint
venture funds etc.
Under his stewardship, and as part of its long term business
strategy, the company divested its non-core businesses, and
CONTACT
Vishal Goenka - Group Chief Financial Officer at Renaissance Services SAOG
T: (+968) 24796636 Ext. 330 | F: (+968) 24796166 | M: (+968) 99381594
E: | W:
VISHAL GOENKA
Group CFO of Renaissance Services SAOG
the capital raised from this was invested in the core business. Mr.
Goenka is a founder member of Investors Relations Society, Oman.
Over the last five years, the company has invested over USD 1.5 billion
in its two core businesses, and these investments have improved
growth and visibility for the future. In addition, several strategic
market entry and acquisitions were made under Mr. Goenka’s
watch.
The company has also achieved excellence in corporate
governance, management information systems, and investor
relationships under his leadership as Group CFO.
He believes in the Law of Karma and enjoys spending time with his
family and nature. Gardening and walking in natural settings inspire
him.
His passion is to build a great team and set them on a path to deliver
excellence. At the heart of his philosophical outlook on business, is
that leadership is not about being liked, it is about doing what is right.
He also believes in the mantra that if you “treat your people well,
they will treat your customers well and if you help people to get to
their goals, they will happily help you to get to yours.
Mr. Goenka has great admiration for the Omani people and Oman,
where he currently resides with his family. He feels that Oman’s
strategy for development in the current low oil price environment is
correct. Its focus on large, well planned investments in infrastructure
development, such as ports, special economic zones, hospitality,
healthcare and education will help Oman to deliver a proper path
to success when sentiment improves. He believes that these are the
steps that will lead Oman in the right direction.
Renaissance has flourished and grown in Oman. Renaissance
Management Team, Board Members and all employees have put
forward their best efforts to make Renaissance the success story that
it is today.
Mr. Goenka has spent the best part of his years in Oman with
Renaissance, and is committed to ensure that Renaissance continues
to deliver what is expected by all its stakeholders.
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FINANCEMONTHLY
GAME CHANGER AWARDS 2017