Ashok Mehngi

Strategic Finance & Transformation Executive | Board Advisor | Expert in M&A, Restructuring, IFRS & Value Creation | 25+ yrs GCC & International Experience

Dubai, United Arab Emirates

About

Strategic finance and transformation leader with 25 years of international experience driving financial performance, operational excellence, and business transformation across the UK, Europe, UAE, KSA, and India. Known for turning strategic vision into measurable business outcomes — guiding corporate direction, optimizing capital structures, and enabling long-term enterprise value. A proven expert in strategic planning, M&A, restructuring, and financial governance, Ashok has consistently transformed underperforming entities into profitable, growth-ready organizations. He brings deep experience in leading ERP and digital finance transformations that enhance agility, control, and transparency across multi-jurisdictional operations. As Group Finance Controller at NMC Healthcare, Ashok drives group consolidation, reporting, and IFRS compliance across multi-jurisdictional operations, partnering closely with Boards and Executive Committees on capital optimization, risk management, audits, and performance transformation. He also leads M&A initiatives, investor reporting, tax strategy, and audit committee governance. Earlier at GEMS Education, he successfully steered multiple private equity transactions — managing seamless investor entry and exit while strengthening financial governance, transparency, and value creation. A trusted advisor and strategic finance partner, he has driven capital raises, loan restructurings, M&A, and cost optimization programs that built financially resilient and governance-driven enterprises. A qualified Chartered Accountant (ICAI, India) and semi qualified Company Secretary (Inter, ICSI) and certified IFRS trainer, he brings cross-sector expertise across healthcare, education, construction, and oil & gas. Passionate about developing future-ready finance talent, Ashok aspires to contribute at the Board level — steering transformation, strategic growth, and sustainable value creation.

Experience

  • Founder & Managing Partner at Pinnacle Strategic Partners Official
    Jan 2026 - Present · 7 mos

    Pinnacle Strategic Partners is a founder-led strategic advisory and management consulting firm established as an entrepreneurial venture to bridge strategy and execution. We partner with founders, boards, investors, and executive leadership teams across M&A, capital advisory, IPO readiness, financial restructuring, fractional CFO leadership, governance, and enterprise transformation—delivering hands-on, outcome-driven support that strengthens control, resilience, and long-term enterprise value.

  • Vice President - Group Financial Controller at NMC Healthcare
    May 2023 - Jan 2026 · 2 yrs 9 mos

    Highlights Ø Drove strategic planning and transformation initiatives across healthcare and education portfolios, improving profitability, control, and group reporting efficiency. Ø Implemented finance automation and digital reporting solutions, enhancing data accuracy, timeliness etc. Ø Streamlined group finance operations through centralization of Shared Services, Reporting, and Controls, strengthening governance and financial discipline. Ø Restructured group entities under ADGM, optimizing tax efficiency and reinforcing regulatory compliance. Ø Implemented delegation of authority frameworks and governance models that enhanced financial control and organizational accountability. Ø Championed organizational and talent transformation, introducing structured succession planning, leadership development, and performance enhancement programs. KRA’s ✪ Lead group-wide financial consolidation, reporting, and compliance across multiple business units, ensuring accuracy, integrity, and timeliness of results in accordance with IFRS and corporate governance standards. ✪ Oversee budgeting, forecasting, statutory audits, and internal control frameworks, while driving continuous improvement in finance systems, ERP, and reporting automation. ✪ Partner with senior leadership and the Board to provide financial insights supporting strategic planning, cost optimization, and capital allocation. ✪ Manage risk, tax, and regulatory compliance (CT, VAT, Transfer Pricing) across multi-jurisdictional operations and maintain effective relationships with auditors, advisors, and investors. ✪ Mentor and develop high-performing finance teams, embedding a culture of accountability, collaboration, and operational excellence.

  • Group Finance Director at Bellevue Education
    Jan 2020 - May 2023 · 3 yrs 5 mos

    Highlights Ø Directed multiple M&A due diligences, valuations, and integrations across the UAE, KSA, Egypt, and the UK, successfully strengthening group portfolio performance. Ø Collaborated with the executive leadership team to drive investment strategy, operational transformation, and sustainable business growth. KRA’s ✪ Led group-wide financial management, consolidation, and reporting across the UAE, KSA, Egypt, and the UK, ensuring compliance with IFRS and corporate governance standards. ✪ Oversaw budgeting, forecasting, and financial control frameworks, driving accuracy, transparency, and performance accountability across entities. ✪ Partnered with the Board and C-suite on strategic investments, cost optimization, and capital structuring to support business growth. ✪ Directed audit, tax, and regulatory compliance, ensuring adherence to jurisdictional standards and supporting efficient statutory close processes. ✪ Led the ERP implementation and finance process centralization, enhancing operational efficiency and data-driven decision-making.

  • GEMS Education ()
    • Vice President - Financial Reporting
      Sep 2015 - Jan 2020 · 4 yrs 5 mos

      Highlights Ø Developed and implemented a reporting roadmap to align with GEMS IPO readiness, establishing compliant governance, reporting frameworks, and disclosure protocols. Ø Established corporate governance standards and compliance policies, conducting gap analysis and designing a phased implementation plan across departments. Ø Streamlined group reporting and audit cycles, enhancing efficiency, transparency, and timeliness of financial close processes. Ø Reduced audit closing timelines from 120 to 55 days, accelerating statutory readiness and supporting London IPO preparation. Ø Supported the CFO and Commercial Director in preparing regulatory fee submissions, risk reports, and presentations to the Audit & Risk Committee. Ø Partnered with leadership on budgeting, forecasting, and financial modelling, improving decision-making and financial discipline across business units. Ø Enhanced tax and reporting frameworks for new geographies, ensuring compliance and mitigating cross-border financial risks. KRA’s ✪ Led group-wide financial reporting, ensuring accurate and timely delivery of consolidated, sub-consolidated, and entity-level financial statements within 60 days of year-end. ✪ Managed corporate finance operations, including MIS, budgeting, forecasting, and departmental financial analysis to support strategic and operational decisions. ✪ Interpreted and implemented new IFRS standards, advising management on accounting treatments for complex and non-routine transactions. ✪ Oversaw statutory filings, tax compliance, and intercompany reconciliations, ensuring adherence to regulatory and transfer pricing frameworks. ✪ Ensured compliance with NASDAQ Dubai and Irish Stock Exchange (ISE) reporting requirements related to GEMS Sukuk issuance. ✪ Liaised with legal and company secretarial teams to meet exchange-related and governance reporting obligations. ✪ Provided technical accounting guidance for due diligence, M&A, and investment transactions in new territories.

    • Group Finance Reporting Controller
      Apr 2014 - Aug 2015 · 1 yr 5 mos

      Highlights Ø Drove audit and reporting process transformation, reducing timelines and strengthening compliance with international accounting and audit standards. Ø Developed IPO readiness reports and governance compliance frameworks, ensuring alignment with listing and disclosure requirements. Ø Prepared bridge reports on corporate governance compliance, enhancing transparency and accountability across group entities. Ø Integrated reporting processes within the new ERP system, improving accuracy, efficiency, and data integrity across the Group. Ø Enhanced tax and intercompany reporting controls, ensuring timely reconciliations and adherence to local and international regulations. KRA’s ✪ Led group financial reporting, consolidation, and audit processes for the HOLDCO Group, ensuring completion of statutory audits, reviews, and agreed-upon procedures within committed timelines. ✪ Managed audit committee deliverables, ensuring timely and accurate responses to internal and external reporting expectations. ✪ Oversaw the monthly MIS cycle, delivering consolidated management reports by the 10th and detailed departmental analysis by the 25th of each month for all corporate entities. ✪ Ensured compliance with NASDAQ Dubai and Irish Stock Exchange (ISE) reporting obligations related to the Group’s Sukuk listings. ✪ Supported tax and intercompany reporting on a quarterly basis, maintaining accuracy, transparency, and compliance with regulatory frameworks. ✪ Partnered with finance and IT teams to implement ERP-based reporting structures, aligning with best practices and automation objectives.

    • Group Finance Controller
      Sep 2011 - Mar 2014 · 2 yrs 7 mos

      Highlights Ø Designed and implemented standardized financial reporting frameworks, enhancing accuracy, speed, and transparency across the Group’s education portfolio. Ø Introduced automation in financial close and reporting processes, significantly reducing manual dependencies and improving data reliability. Ø Strengthened internal control environments through creation of process documentation, audit trail mechanisms, and compliance roadmaps. Ø Partnered with leadership on technical accounting assessments, evaluating new IFRS standards and embedding accounting impacts into business planning. Ø Streamlined intercompany accounting and approval workflows, reducing reconciliation timelines and ensuring consistent governance across jurisdictions. Ø Enhanced reporting accuracy and stakeholder confidence, building the foundation for future IPO and audit committee reporting requirements. KRA’s ✪ Led financial reporting, consolidation, and accounting across multiple group entities, ensuring accurate and timely delivery of individual and consolidated financial statements within 90 days of year-end. ✪ Established and maintained robust internal controls and documentation over financial reporting, ensuring compliance with IFRS, audit, and corporate governance frameworks. ✪ Managed relationships with external auditors, valuation experts, and consultants, ensuring audit readiness and consistency in accounting policies and disclosures. ✪ Oversaw monthly MIS reporting, budgeting, forecasting, and departmental financial analysis, providing actionable insights to business heads and senior management. ✪ Governed intercompany transactions and reconciliations, preparing management memos and approvals for complex accounting treatments and cross-entity activities. ✪ Supported capital project and staff cost capitalization analysis, monitoring financial performance against approved budgets and project timelines.

  • Manager at Ernst & Young
    Sep 2004 - Sep 2011 · 7 yrs 1 mo

    Led multiple audit and assurance engagements across oil & gas, education, manufacturing, construction, healthcare, and financial services, ensuring compliance with IFRS and US GAAP. Managed a team of 50+ professionals, expanding the portfolio by AED 1.5 million and strengthening client relationships with leading groups including Nakheel, GEMS Education, Dubai Petroleum, and Al Futtaim. Directed statutory audits, internal controls, and financial reviews for complex, multi-entity operations, and served as Finance Controller (secondment) at MBC Group, establishing robust reporting and governance frameworks for new business channels.