Sanjay Purohit

With total of 26 years of working experience including 8 years with leading technology companies, Sanjay is an MBA (Gold Medalist) from IIM, Ahmedabad and holds a Master’s degree in Mechanical Engineering from IIT, Mumbai. His first job was of an IAS officer.

• Beaulieu holding ($ 500 m revenue manufacturing company) restructuring operations after filing for chapter 11 in July 2017. Business optimization and Cost reduction. Successful sale of assets to EFI in $ 88 million.
• Blue chip Private equity firm’s India office (Name confidential) wanted to acquire distressed software company. Led due diligence and created their post-acquisition restructuring plan.
• Revenue $1 billion. Trucking and Logistics Company Restructuring thru Ch 11 by arranging $ 73 million interim financing. Led profitability improvement project for a private equity firm. Operation improvement by integration of diverse operating systems to reduce costs and increase truckload efficiency . Build centralized control room. Total savings realized is $ 84.5 million.
• A legendry technology company. NASA is biggest customer. Product portfolio optimization by exiting from the non-profitable products. Company sold to Rackable
• A very large retailer firm based in Mid-west, USA facing major inflection point. Improving operations by vendor rationalization, Bottoms up management plan and stores closing. The firm turned profitable in Q4 2017 after more than 20 quarters
• NYC based Fashion brand had 94 store retail chain with revenue of more than $ 500 million. Reduction of SKU from 11,000 to 3,500. Inventory reduction by 55% by improved global supply chain. Non profitable store closing and exit from unprofitable leases. The cost saving identified was $ 57 million.

Founder – iProf , April, Ed tech Startup, Largest mobile Education company in India

• Founded iProf and Launched India’s first mobile based education solution in 2011
• Grown iProf to India’s largest digital education platform. More than fifty thousand courses are available thru web, WAP and App. Build an ecosystem of more than 200 publishers to make their digital learning available on iProf platform.
• Raised total $ 15 million from two highly respected venture capital firms Norwest Ventures and IDG and World’s largest test prep company Kaplan.

CEO- Best Manufacturing Inc., Atlanta, GA

• Acquired company from bankruptcy court in Jan 07 and after restructuring sold it to a private equity firm in Sept 08.
• Reduced employee headcounts from 231 to 112 saving about $ 6 million by deploying SAP resulting in reduction of inventory from $ 44 million in January’07 to $ 26 million in May 08.
• Increased gross margin from 6% to 18% with annual revenue at $ 100 million.

CEO – Dan River, Danville, Virginia

• Dan River, $250 million Textile Company, was in distress due to inability to compete against international manufacturers. Assumed responsibility as CEO of Dan River Inc. in December 05.
• Closed uneconomical US manufacturing plants and moved more than 12000 products to global manufacturing plants in India, China & Pakistan.
• Reduced the corporate overheads by 40% saving $14 million a year..
• Reduced inventory from $64 million to $34 million through supply chain optimization.
• Built a competent leadership team and opened sourcing offices in China, India, Mexico, Pakistan & Cambodia to make Dan River a truly global company. A business school has written a case study on this turnaround project.

CEO-Colwell – Salmon Comm. , Albany, NY

• Successfully turned around the Business Process Outsourcing Company and total revenue increased by 30%.
• Forbes in September 2006 issue highlighted the achievement & reported “…The new boss Sanjay Purohit turned the company around, and last year it posted a $2 million profit on revenue of around $24 million.